Wealth Enhancement Advisory Services LLC Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Wealth Enhancement Advisory Services LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,313 shares of the semiconductor provider’s stock after selling 72 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NXP Semiconductors were worth $7,132,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth approximately $33,000. Fairfield Financial Advisors LTD bought a new stake in shares of NXP Semiconductors during the second quarter worth $54,000. Fortitude Family Office LLC boosted its stake in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Avior Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in NXP Semiconductors in the 3rd quarter worth about $58,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.0 %

Shares of NASDAQ:NXPI opened at $206.83 on Tuesday. The business’s 50-day moving average is $219.02 and its 200 day moving average is $237.50. 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 has a 1 year low of $201.58 and a 1 year high of $296.08. The firm has a market capitalization of $52.57 billion, a P/E ratio of 19.74, a P/E/G ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.31 earnings per share. On average, research analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXPI. Susquehanna lowered their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $260.00 to $257.00 in a research note on Friday. Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Oppenheimer cut their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

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.