Carret Asset Management LLC Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Carret Asset Management LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 2,330 shares of the semiconductor provider’s stock after purchasing an additional 50 shares during the quarter. Carret Asset Management LLC’s holdings in NXP Semiconductors were worth $535,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $28,000. Valley National Advisers Inc. grew 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 purchasing an additional 68 shares during the period. Paradigm Asset Management Co. LLC lifted its position in NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after buying an additional 100 shares during the period. Finally, Atticus Wealth Management LLC grew its holdings in NXP Semiconductors by 358.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after buying an additional 165 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.2 %

Shares of NASDAQ NXPI traded down $0.54 during midday trading on Thursday, reaching $234.50. The company had a trading volume of 697,935 shares, compared to its average volume of 2,336,066. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The stock has a market cap of $60.06 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 0.85 and a beta of 1.59. The firm’s fifty day moving average price is $240.92 and its 200-day moving average price is $219.29.

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, beating analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. On average, equities research analysts anticipate that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Truist Financial raised their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Oppenheimer increased their target price on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

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.