Prossimo Advisors LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Prossimo Advisors LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,356 shares of the semiconductor provider’s stock after acquiring an additional 108 shares during the quarter. Prossimo Advisors LLC’s holdings in NXP Semiconductors were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lincoln National Corp raised its stake in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after buying an additional 46 shares during the last quarter. IMPACTfolio LLC increased its holdings in NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after acquiring an additional 49 shares in the last quarter. Financial Management Professionals Inc. raised its position in NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after acquiring an additional 50 shares during the last quarter. Carret Asset Management LLC grew its position in shares of NXP Semiconductors by 2.2% in the fourth quarter. Carret Asset Management LLC now owns 2,330 shares of the semiconductor provider’s stock valued at $535,000 after purchasing an additional 50 shares during the last quarter. Finally, Windsor Capital Management LLC increased its stake in shares of NXP Semiconductors by 1.8% during the 4th quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock worth $697,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NXPI shares. Argus raised their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. TD Cowen boosted their target price 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. The Goldman Sachs Group lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Wolfe Research raised NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $0.95 during trading on Friday, reaching $261.75. 416,919 shares of the company’s stock were exchanged, compared to its average volume of 2,353,032. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The stock has a market capitalization of $66.93 billion, a P/E ratio of 24.15, a PEG ratio of 0.94 and a beta of 1.54. The business has a 50 day moving average price of $244.08 and a 200-day moving average price of $223.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly 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 37.65% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is presently 37.40%.

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.