McHugh Group LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

McHugh Group LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,270 shares of the semiconductor provider’s stock, valued at approximately $264,000.

Several other institutional investors also recently added to or reduced their stakes in NXPI. GDS Wealth Management grew its stake in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after acquiring an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the third quarter worth approximately $13,445,000. Merit Financial Group LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $360,000. Banque Cantonale Vaudoise increased its holdings in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC raised its position in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $213.24 on Thursday. The business has a fifty day moving average of $214.42 and a 200 day moving average of $230.24. 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 firm has a market capitalization of $54.20 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NXPI shares. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday. Barclays reduced their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Evercore ISI cut their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $263.15.

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.