NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Fortitude Family Office LLC

Fortitude Family Office LLC lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 52.4% in the fourth quarter, Holdings Channel reports. The firm owned 218 shares of the semiconductor provider’s stock after buying an additional 75 shares during the period. Fortitude Family Office LLC’s holdings in NXP Semiconductors were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the period. Van ECK Associates Corp lifted its position in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after acquiring an additional 724,951 shares during the period. International Assets Investment Management LLC lifted its position in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after acquiring an additional 512,253 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $84,901,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $206.75 on Friday. The business has a 50 day simple moving average of $219.62 and a two-hundred day simple moving average of $238.34. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The stock has a market capitalization of $52.55 billion, a P/E ratio of 19.73, 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 announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. As a group, analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. NXP Semiconductors’s payout ratio is currently 38.65%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NXPI. Susquehanna reduced their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial reduced their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

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.