Trust Co. of Vermont Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Trust Co. of Vermont grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,599 shares of the semiconductor provider’s stock after purchasing an additional 670 shares during the quarter. Trust Co. of Vermont’s holdings in NXP Semiconductors were worth $748,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at $360,000. Wealthcare Advisory Partners LLC grew its holdings in NXP Semiconductors by 9.2% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,220 shares of the semiconductor provider’s stock valued at $877,000 after purchasing an additional 356 shares in the last quarter. Occidental Asset Management LLC increased its stake in NXP Semiconductors by 10.6% during the 4th quarter. Occidental Asset Management LLC now owns 8,178 shares of the semiconductor provider’s stock worth $1,700,000 after buying an additional 782 shares during the period. Finally, Central Valley Advisors LLC lifted its holdings in NXP Semiconductors by 3.8% in the 4th quarter. Central Valley Advisors LLC now owns 7,869 shares of the semiconductor provider’s stock worth $1,636,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Loop Capital assumed coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. TD Cowen decreased their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. Morgan Stanley decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, Needham & Company LLC lowered their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.60.

NXP Semiconductors Stock Performance

NXPI opened at $215.36 on Friday. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The stock has a market cap of $54.74 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. The business’s 50 day moving average is $217.51 and its 200-day moving average is $236.39. 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 announced 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 firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. On average, analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current 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 paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.88%. NXP Semiconductors’s payout ratio is 38.74%.

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.