Canandaigua National Bank & Trust Co. Sells 83 Shares of NXP Semiconductors (NASDAQ:NXPI)

Canandaigua National Bank & Trust Co. lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,162 shares of the semiconductor provider’s stock after selling 83 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in NXP Semiconductors were worth $657,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NXPI. Crumly & Associates Inc. increased its stake in NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the period. Sterling Investment Counsel LLC increased its stake in NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after buying an additional 46 shares during the period. Ascent Group LLC lifted its holdings in NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares in the last quarter. Brighton Jones LLC boosted its position in NXP Semiconductors by 5.2% in the 2nd quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock valued at $275,000 after buying an additional 51 shares during the period. Finally, Farmers National Bank grew its stake in NXP Semiconductors by 6.1% in the 2nd quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock worth $242,000 after acquiring an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays dropped their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Stock Up 2.2 %

NXP Semiconductors stock opened at $213.41 on Tuesday. The business has a fifty day moving average price of $222.33 and a 200-day moving average price of $239.58. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The stock has a market capitalization of $54.24 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 4.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.31 earnings per share. Equities research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

NXP Semiconductors Company 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.