Bahl & Gaynor Inc. Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Bahl & Gaynor Inc. lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,205 shares of the semiconductor provider’s stock after selling 19,277 shares during the quarter. Bahl & Gaynor Inc.’s holdings in NXP Semiconductors were worth $63,668,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its position in NXP Semiconductors by 0.4% during the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after purchasing an additional 91,453 shares in the last quarter. Ameriprise Financial Inc. boosted its position in NXP Semiconductors by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares in the last quarter. Morgan Stanley raised its holdings in shares of NXP Semiconductors by 5.8% during the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock valued at $437,008,000 after acquiring an additional 119,183 shares during the last quarter. Northern Trust Corp raised its holdings in shares of NXP Semiconductors by 10.9% during the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after acquiring an additional 211,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NXP Semiconductors by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,337,449 shares of the semiconductor provider’s stock valued at $267,383,000 after acquiring an additional 6,113 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NXPI. Cantor Fitzgerald increased their target price on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Finally, Mizuho increased their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Trading Up 1.9 %

NXPI opened at $242.70 on Friday. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The business has a fifty day simple moving average of $241.20 and a 200-day simple moving average of $219.73. The firm has a market cap of $62.16 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.90 and a beta of 1.59. 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 (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, equities analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business 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. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 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.