Crossmark Global Holdings Inc. Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Crossmark Global Holdings Inc. reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,954 shares of the semiconductor provider’s stock after selling 459 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in NXP Semiconductors were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at $33,000. Brooklyn Investment Group increased 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 valued at $33,000 after purchasing an additional 66 shares in the last quarter. Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in NXP Semiconductors by 182.1% in the 3rd 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 hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $219.88 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $216.94 and its two-hundred day moving average price is $234.94. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The stock has a market capitalization of $55.88 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.24 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.25 billion. During the same quarter last year, the company posted $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analyst Ratings Changes

Several analysts recently issued reports on NXPI shares. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. UBS Group lowered their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $270.85.

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.