Avitas Wealth Management LLC Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Avitas Wealth Management LLC trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,200 shares of the semiconductor provider’s stock after selling 95 shares during the quarter. Avitas Wealth Management LLC’s holdings in NXP Semiconductors were worth $2,328,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NXPI. RBA Wealth Management LLC boosted its position in shares of NXP Semiconductors by 4.6% during the 4th quarter. RBA Wealth Management LLC now owns 13,484 shares of the semiconductor provider’s stock worth $2,803,000 after purchasing an additional 588 shares during the period. Calamos Wealth Management LLC lifted its stake in NXP Semiconductors by 12.9% during the fourth quarter. Calamos Wealth Management LLC now owns 48,651 shares of the semiconductor provider’s stock worth $10,112,000 after purchasing an additional 5,553 shares in the last quarter. abrdn plc boosted its position in shares of NXP Semiconductors by 3.7% during the fourth quarter. abrdn plc now owns 558,482 shares of the semiconductor provider’s stock worth $116,122,000 after buying an additional 20,031 shares during the period. GDS Wealth Management boosted its position in shares of NXP Semiconductors by 6.4% during the fourth quarter. GDS Wealth Management now owns 59,308 shares of the semiconductor provider’s stock worth $12,327,000 after buying an additional 3,568 shares during the period. Finally, JB Capital LLC grew its stake in shares of NXP Semiconductors by 6.2% in the fourth quarter. JB Capital LLC now owns 58,393 shares of the semiconductor provider’s stock valued at $12,137,000 after buying an additional 3,419 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 opened at $202.40 on Wednesday. The company’s 50 day simple moving average is $215.21 and its 200-day simple moving average is $230.83. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The firm has a market cap of $51.44 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) 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 period last year, the firm posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities analysts predict 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 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NXPI. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective for the company. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Susquehanna reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $269.85.

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.