Cullen Investment Group LTD. Purchases 341 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cullen Investment Group LTD. grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,835 shares of the semiconductor provider’s stock after acquiring an additional 341 shares during the quarter. Cullen Investment Group LTD.’s holdings in NXP Semiconductors were worth $2,044,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $33,000. Fairfield Financial Advisors LTD bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $54,000. Fortitude Family Office LLC increased its position in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $206.83 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market capitalization of $52.57 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The company has a 50 day moving average price of $219.02 and a 200 day moving average price of $237.50.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent analyst reports. Morgan Stanley reduced their price target on shares of 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. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. Susquehanna decreased their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $273.19.

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.