Tufton Capital Management Has $8.16 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Tufton Capital Management lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,542 shares of the semiconductor provider’s stock after selling 1,015 shares during the period. NXP Semiconductors makes up 1.7% of Tufton Capital Management’s portfolio, making the stock its 22nd largest holding. Tufton Capital Management’s holdings in NXP Semiconductors were worth $8,163,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NXPI. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $26,000. Live Oak Investment Partners bought a new position in NXP Semiconductors during the fourth quarter worth about $26,000. Fortis Capital Advisors LLC acquired a new stake in NXP Semiconductors in the 4th quarter worth about $27,000. BluePath Capital Management LLC bought a new stake in NXP Semiconductors in the 3rd quarter valued at about $28,000. Finally, Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 2.2 %

Shares of NXPI stock traded down $4.95 during trading hours on Thursday, reaching $221.97. The company had a trading volume of 1,308,969 shares, compared to its average volume of 2,295,466. The business has a fifty day simple moving average of $241.93 and a 200-day simple moving average of $218.41. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The company has a market cap of $56.85 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, research analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NXPI. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Mizuho raised their price target on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. TD Cowen upped their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Finally, Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

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.