NXP Semiconductors (NASDAQ:NXPI) Stake Lessened by Bailard Inc.

Bailard Inc. cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 13.5% in the 4th quarter, HoldingsChannel reports. The fund owned 16,602 shares of the semiconductor provider’s stock after selling 2,599 shares during the period. Bailard Inc.’s holdings in NXP Semiconductors were worth $3,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC acquired a new position in NXP Semiconductors in the third quarter worth approximately $26,000. BluePath Capital Management LLC acquired a new position in NXP Semiconductors in the third quarter worth approximately $28,000. Valley National Advisers Inc. grew its position in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in NXP Semiconductors by 100.0% in 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 last quarter. Finally, Atticus Wealth Management LLC grew its position in NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after buying an additional 165 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXPI traded up $4.07 during trading on Thursday, hitting $239.11. The stock had a trading volume of 1,265,185 shares, compared to its average volume of 2,343,154. The firm has a market cap of $61.24 billion, a PE ratio of 22.06, a P/E/G ratio of 0.85 and a beta of 1.59. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The company has a 50 day simple moving average of $240.92 and a 200-day simple moving average of $219.29.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s payout ratio is 37.91%.

Analysts Set New Price Targets

NXPI has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Truist Financial raised their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Susquehanna raised their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Oppenheimer raised their price objective on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, TD Cowen raised their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.29.

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.