Peterson Wealth Services Acquires Shares of 1,474 NXP Semiconductors (NASDAQ:NXPI)

Peterson Wealth Services acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, Holdings Channel reports. The firm acquired 1,474 shares of the semiconductor provider’s stock, valued at approximately $339,000.

A number of other large investors have also added to or reduced their stakes in NXPI. Norges Bank purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $326,580,000. Moneta Group Investment Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $267,123,000. Price T Rowe Associates Inc. MD raised its stake in shares of NXP Semiconductors by 44.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Barclays PLC raised its stake in shares of NXP Semiconductors by 94.6% in the second quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock worth $234,116,000 after purchasing an additional 556,178 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of NXP Semiconductors in the first quarter worth $98,687,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NXPI. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Evercore ISI assumed coverage on NXP Semiconductors in a research report on Tuesday. They set an “outperform” rating and a $300.00 price objective for the company. TD Cowen upped their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Stifel Nicolaus upped their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Trading Down 2.0 %

NXPI stock traded down $4.55 during midday trading on Thursday, reaching $222.37. 1,180,407 shares of the company traded hands, compared to its average volume of 2,292,611. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The business has a 50 day moving average of $241.93 and a 200-day moving average of $218.41. The firm has a market capitalization of $56.95 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 0.87 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. As a group, sell-side analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. NXP Semiconductors’s payout ratio is 37.91%.

NXP Semiconductors 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.