Grimes & Company Inc. Buys 1,977 Shares of NXP Semiconductors (NASDAQ:NXPI)

Grimes & Company Inc. lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,766 shares of the semiconductor provider’s stock after purchasing an additional 1,977 shares during the period. Grimes & Company Inc.’s holdings in NXP Semiconductors were worth $7,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. CX Institutional lifted its holdings in shares of NXP Semiconductors by 3.4% in the fourth quarter. CX Institutional now owns 3,476 shares of the semiconductor provider’s stock worth $723,000 after buying an additional 114 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the last quarter. Montecito Bank & Trust grew its holdings in NXP Semiconductors by 14.7% during the 4th quarter. Montecito Bank & Trust now owns 1,365 shares of the semiconductor provider’s stock worth $284,000 after acquiring an additional 175 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its holdings in NXP Semiconductors by 9.0% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 947 shares of the semiconductor provider’s stock worth $197,000 after acquiring an additional 78 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $213.43 on Friday. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a fifty day moving average price of $216.79 and a 200 day moving average price of $234.39. The company has a market cap of $54.25 billion, a PE ratio of 20.37, a P/E/G ratio of 3.25 and a beta of 1.47.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analyst Upgrades and Downgrades

Several analysts have commented on NXPI shares. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Susquehanna dropped their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. TD Cowen cut their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Company 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.