RNC Capital Management LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,196 shares of the semiconductor provider's stock after selling 80 shares during the quarter. RNC Capital Management LLC's holdings in NXP Semiconductors were worth $1,657,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of NXP Semiconductors by 1.8% during the first quarter. Commonwealth Equity Services LLC now owns 31,771 shares of the semiconductor provider's stock valued at $5,880,000 after purchasing an additional 551 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of NXP Semiconductors by 6.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,173 shares of the semiconductor provider's stock valued at $2,690,000 after purchasing an additional 1,031 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $3,302,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $1,939,000. Finally, Personal CFO Solutions LLC lifted its holdings in shares of NXP Semiconductors by 11.8% during the first quarter. Personal CFO Solutions LLC now owns 2,021 shares of the semiconductor provider's stock valued at $374,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company's stock.
Get NXP Semiconductors alerts:Wall Street Analysts Forecast Growth
Several research firms recently weighed in on NXPI. Bank of America dropped their price target on NXP Semiconductors from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Needham & Company LLC upped their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 27th. Wells Fargo & Company dropped their price target on NXP Semiconductors from $240.00 to $200.00 and set an "overweight" rating on the stock in a research report on Monday, July 11th. Barclays dropped their price target on NXP Semiconductors from $220.00 to $200.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on NXP Semiconductors from $225.00 to $195.00 in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.50.
NXP Semiconductors Stock Performance
NXPI opened at $151.96 on Tuesday. The company has a market cap of $39.90 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. The stock has a 50-day moving average of $169.43 and a 200-day moving average of $171.63. NXP Semiconductors has a 52-week low of $140.33 and a 52-week high of $239.91. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.65 and a current ratio of 2.15.NXP Semiconductors (NASDAQ:NXPI – Get Rating) last released its quarterly earnings results on Monday, July 25th. The semiconductor provider reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $1.35. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The firm's revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. As a group, equities research analysts forecast that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.
NXP Semiconductors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be paid a dividend of $0.845 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.38 annualized dividend and a yield of 2.22%. NXP Semiconductors's payout ratio is 36.90%.
About NXP Semiconductors
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on NXP Semiconductors (NXPI)
- Tyson Foods Takes a Lickin' and Keeps on Tickin' Lower
- Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
- 3 Stocks Growing Their Businesses for 2023
- China-Based EV Maker BYD Set For Big European, Japanese Expansion
- Is Illumina Still the Gamechanger in Genomics Sequencing?
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors (NASDAQ:NXPI – Get Rating).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.