Diversify Advisory Services LLC Decreases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Diversify Advisory Services LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 27.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,362 shares of the semiconductor provider’s stock after selling 510 shares during the quarter. Diversify Advisory Services LLC’s holdings in NXP Semiconductors were worth $282,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its position in shares of NXP Semiconductors by 9.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock valued at $169,000 after acquiring an additional 54 shares during the period. Sei Investments Co. increased its position in NXP Semiconductors by 31.1% in the second quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock worth $20,998,000 after buying an additional 18,529 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of NXP Semiconductors by 7.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock valued at $3,685,000 after buying an additional 956 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of NXP Semiconductors by 13.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock valued at $1,629,000 after buying an additional 725 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of NXP Semiconductors by 71.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after acquiring an additional 4,052 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of research reports. Susquehanna lowered their price objective on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial lowered their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Up 0.6 %

NXPI stock opened at $216.09 on Thursday. The company’s 50 day moving average is $217.08 and its 200 day moving average is $235.07. The stock has a market cap of $54.92 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

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.