Central Bank & Trust Co. Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Central Bank & Trust Co. raised its position in NXP Semiconductors (NASDAQ:NXPI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,412 shares of the semiconductor provider’s stock after purchasing an additional 48 shares during the quarter. Central Bank & Trust Co.’s holdings in NXP Semiconductors were worth $917,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GDS Wealth Management raised its holdings in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $13,445,000. Banque Cantonale Vaudoise increased its stake in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Mackenzie Financial Corp lifted its position in shares of NXP Semiconductors by 21.1% during the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after purchasing an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $215.36 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a market cap of $54.74 billion, a PE ratio of 20.55, a P/E/G ratio of 3.23 and a beta of 1.47. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The stock has a fifty day moving average price of $217.51 and a 200-day moving average price of $235.89.

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

NXP Semiconductors Announces Dividend

The business also recently declared 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 of this dividend 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 38.74%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Morgan Stanley dropped their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, UBS Group dropped their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $271.60.

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.