Osborne Partners Capital Management LLC Cuts Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Osborne Partners Capital Management LLC decreased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,115 shares of the semiconductor provider’s stock after selling 565 shares during the period. Osborne Partners Capital Management LLC’s holdings in NXP Semiconductors were worth $11,235,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in NXP Semiconductors in the 4th quarter worth about $672,224,000. Voloridge Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after acquiring an additional 582,317 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of NXP Semiconductors by 26,732.0% in the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock worth $110,969,000 after acquiring an additional 581,688 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.6%

NXPI stock opened at $211.45 on Friday. The business’s 50-day moving average price is $195.83 and its 200-day moving average price is $204.89. The stock has a market cap of $53.42 billion, a P/E ratio of 23.03, a PEG ratio of 2.63 and a beta of 1.39. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve 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 the consensus estimate 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 net margin of 19.16% and a return on equity of 29.62%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.24 earnings per share. On average, equities research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is 44.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NXPI. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Citigroup dropped their price target on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, UBS Group dropped their target price on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.78.

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.