Inspire Investing LLC Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Inspire Investing LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,676 shares of the semiconductor provider’s stock after purchasing an additional 583 shares during the period. Inspire Investing LLC’s holdings in NXP Semiconductors were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NXPI. Benjamin F. Edwards & Company Inc. raised its stake in NXP Semiconductors by 9.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after acquiring an additional 54 shares during the period. Sei Investments Co. boosted its position in shares of NXP Semiconductors by 31.1% during the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock valued at $20,998,000 after acquiring an additional 18,529 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of NXP Semiconductors by 7.5% in the second quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock valued at $3,685,000 after purchasing an additional 956 shares in the last quarter. 1832 Asset Management L.P. grew its position in NXP Semiconductors by 13.6% in the second quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock worth $1,629,000 after acquiring an additional 725 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in NXP Semiconductors by 71.4% during the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after buying an additional 4,052 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $216.09 on Thursday. The company has a 50 day moving average price of $216.94 and a 200 day moving average price of $234.94. The firm has a market capitalization of $54.92 billion, a P/E ratio of 20.62, a PEG ratio of 3.24 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.88%. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NXPI shares. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Susquehanna decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays dropped their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Finally, Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.