Panagora Asset Management Inc. lessened its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,081 shares of the semiconductor provider’s stock after selling 1,192 shares during the period. Panagora Asset Management Inc.’s holdings in NXP Semiconductors were worth $4,538,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. First Quadrant L P CA purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $108,000. FTB Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $111,000. Signaturefd LLC lifted its position in shares of NXP Semiconductors by 299.2% during the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after purchasing an additional 796 shares during the last quarter. Willingdon Wealth Management purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $121,000. Finally, Capital Analysts LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $198,000. 75.58% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on NXPI shares. Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $120.00 in a research report on Monday, September 17th. Stifel Nicolaus cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $99.00 to $84.00 in a research report on Wednesday, September 12th. Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. They noted that the move was a valuation call. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $105.00 to $95.00 in a research report on Tuesday, October 23rd. Finally, Mizuho reaffirmed a “buy” rating and set a $115.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $101.97.
Shares of NXPI opened at $76.50 on Friday. NXP Semiconductors NV has a 1-year low of $69.72 and a 1-year high of $125.93. The firm has a market capitalization of $28.20 billion, a P/E ratio of 11.86, a P/E/G ratio of 1.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.13. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. As a group, sell-side analysts predict that NXP Semiconductors NV will post 6.15 earnings per share for the current fiscal year.
The business 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 $0.25 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 11.84%.
NXP Semiconductors Company Profile
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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