NXP Semiconductors (NASDAQ:NXPI) Stock Position Increased by Brooklyn Investment Group

Brooklyn Investment Group boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 69.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 161 shares of the semiconductor provider’s stock after buying an additional 66 shares during the period. Brooklyn Investment Group’s holdings in NXP Semiconductors were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NXPI. Crumly & Associates Inc. boosted its position in shares of NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC lifted its stake in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares during the last quarter. Ascent Group LLC boosted its holdings in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares in the last quarter. Brighton Jones LLC grew its position in NXP Semiconductors by 5.2% in the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock worth $275,000 after buying an additional 51 shares during the last quarter. Finally, Farmers National Bank increased its holdings in shares of NXP Semiconductors by 6.1% in the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after buying an additional 52 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $215.36 on Monday. 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 has a 12 month low of $202.25 and a 12 month high of $296.08. The company’s fifty day moving average is $217.51 and its 200-day moving average is $236.14. The firm has a market cap of $54.74 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 earnings per share. Equities analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. NXP Semiconductors’s payout ratio is currently 38.65%.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. Evercore ISI decreased their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective on the stock. Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday. UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $271.60.

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.