Buffington Mohr McNeal Cuts Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Buffington Mohr McNeal lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 86.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,059 shares of the semiconductor provider’s stock after selling 6,978 shares during the period. Buffington Mohr McNeal’s holdings in NXP Semiconductors were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Keel Point LLC boosted its holdings in NXP Semiconductors by 4.7% in the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider’s stock valued at $294,000 after purchasing an additional 64 shares in the last quarter. MV Capital Management Inc. grew its position in shares of NXP Semiconductors by 10.4% during the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider’s stock worth $145,000 after acquiring an additional 66 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider’s stock valued at $779,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. raised its position in NXP Semiconductors by 2.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider’s stock valued at $720,000 after purchasing an additional 70 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in NXP Semiconductors by 1.9% during the 4th quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider’s stock worth $799,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $231.15 on Thursday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $296.08. The firm has a market capitalization of $58.40 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.76 and a beta of 1.40. The stock’s 50 day moving average price is $204.09 and its two-hundred day moving average price is $204.74. 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 released 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 firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.24 EPS. On average, analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 annualized dividend and a yield of 1.75%. NXP Semiconductors’s dividend payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup dropped their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Stifel Nicolaus decreased their target price on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.22.

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.