Zhang Financial LLC Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Zhang Financial LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,532 shares of the semiconductor provider’s stock after acquiring an additional 371 shares during the quarter. Zhang Financial LLC’s holdings in NXP Semiconductors were worth $581,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at $26,000. Live Oak Investment Partners purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at $26,000. Fortis Capital Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at $27,000. BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at $28,000. Finally, Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. Morgan Stanley raised their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho raised their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus increased their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Down 1.9 %

Shares of NASDAQ:NXPI opened at $215.12 on Friday. The stock’s 50-day moving average price is $241.39 and its two-hundred day moving average price is $218.52. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 12-month low of $155.31 and a 12-month high of $264.26. The firm has a market cap of $55.09 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.83 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, research analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

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.