HB Wealth Management LLC Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

HB Wealth Management LLC trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,190 shares of the semiconductor provider’s stock after selling 426 shares during the period. HB Wealth Management LLC’s holdings in NXP Semiconductors were worth $503,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of NXP Semiconductors by 0.4% during the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after acquiring an additional 91,453 shares in the last quarter. BlackRock Inc. grew its position in shares of NXP Semiconductors by 5.6% during the 2nd quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider’s stock valued at $3,757,361,000 after acquiring an additional 966,022 shares during the period. Vanguard Group Inc. grew its position in shares of NXP Semiconductors by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after acquiring an additional 210,979 shares during the period. State Street Corp lifted its stake in shares of NXP Semiconductors by 1.8% during the 2nd quarter. State Street Corp now owns 10,194,157 shares of the semiconductor provider’s stock valued at $2,096,655,000 after buying an additional 182,173 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of NXP Semiconductors by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock valued at $857,868,000 after buying an additional 98,570 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer boosted their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Susquehanna boosted their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.75.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,120 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total value of $481,791.20. Following the completion of the transaction, the executive vice president now owns 38,229 shares of the company’s stock, valued at $8,687,922.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $245.44 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The company has a market capitalization of $62.95 billion, a P/E ratio of 22.92, a P/E/G ratio of 0.91 and a beta of 1.60. The company’s 50-day simple moving average is $234.24 and its two-hundred day simple moving average is $213.77. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.65%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

About NXP Semiconductors

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.