Evercore Wealth Management LLC lowered its position in NXP Semiconductors NV (NASDAQ:NXPI) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,032 shares of the semiconductor provider’s stock after selling 1,745 shares during the period. Evercore Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,285,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in NXP Semiconductors by 3.9% in the second quarter. Sterling Capital Management LLC now owns 16,060 shares of the semiconductor provider’s stock worth $1,755,000 after acquiring an additional 600 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in NXP Semiconductors by 1.5% in the third quarter. State of Alaska Department of Revenue now owns 43,432 shares of the semiconductor provider’s stock worth $3,712,000 after acquiring an additional 622 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in NXP Semiconductors by 1.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after acquiring an additional 629 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in NXP Semiconductors by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 67,280 shares of the semiconductor provider’s stock worth $5,752,000 after acquiring an additional 630 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of NXP Semiconductors by 34.0% in the third quarter. Stratos Wealth Partners LTD. now owns 2,569 shares of the semiconductor provider’s stock worth $220,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.
Shares of NXPI opened at $76.50 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. The company has a market cap of $28.12 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. NXP Semiconductors NV has a 12 month low of $69.72 and a 12 month high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.13. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. On average, equities research analysts predict that NXP Semiconductors NV will post 6.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, December 13th. NXP Semiconductors’s payout ratio is 11.84%.
Several analysts have recently commented on the company. Credit Suisse Group reissued a “buy” rating and issued a $125.00 price objective on shares of NXP Semiconductors in a research note on Monday, December 3rd. Susquehanna Bancshares assumed coverage on NXP Semiconductors in a research note on Friday. They issued a “neutral” rating and a $90.00 price objective for the company. UBS Group assumed coverage on NXP Semiconductors in a research note on Thursday. They issued a “neutral” rating and a $90.00 price objective for the company. Citigroup lowered their price objective on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 2nd. Finally, Stifel Nicolaus reissued a “sell” rating on shares of NXP Semiconductors in a research note on Thursday, November 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $101.97.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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