NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,653 shares of the semiconductor provider’s stock after selling 1,705 shares during the period. Fifth Third Bancorp’s holdings in NXP Semiconductors were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management lifted its stake in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at about $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the fourth quarter valued at about $360,000. Banque Cantonale Vaudoise boosted its stake in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after acquiring an additional 5,722 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, Susquehanna reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Price Performance

NXPI stock opened at $215.08 on Tuesday. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $216.79 and a 200 day moving average price of $233.77.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results 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. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. 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 business posted $3.31 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

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.