Vantage Investment Partners LLC Buys 1,972 Shares of NXP Semiconductors (NASDAQ:NXPI)

Vantage Investment Partners LLC increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,017 shares of the semiconductor provider’s stock after purchasing an additional 1,972 shares during the period. Vantage Investment Partners LLC’s holdings in NXP Semiconductors were worth $6,447,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth about $33,000. Brooklyn Investment Group raised its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NXPI. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Evercore ISI cut their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $215.08 on Tuesday. The company has a 50-day simple moving average of $216.79 and a two-hundred day simple moving average of $233.77. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.25 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 (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company posted $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

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.