NXP Semiconductors N.V. (NASDAQ:NXPI) Holdings Reduced by Grimes & Company Inc.

Grimes & Company Inc. lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 91.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,283 shares of the semiconductor provider’s stock after selling 33,483 shares during the period. Grimes & Company Inc.’s holdings in NXP Semiconductors were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Smithfield Trust Co bought a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter valued at $32,000. Ameriflex Group Inc. bought a new position in NXP Semiconductors during the 4th quarter valued at $44,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at $46,000. Finally, GoalVest Advisory LLC raised its stake in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock worth $52,000 after buying an additional 227 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $212.83 on Wednesday. The company’s fifty day moving average is $194.40 and its two-hundred day moving average is $205.00. The company has a market cap of $53.77 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 2.71 and a beta of 1.39. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. NXP Semiconductors’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.91%. NXP Semiconductors’s dividend payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NXPI. Stifel Nicolaus decreased their target price on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Finally, Mizuho increased their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.78.

NXP Semiconductors 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.