Palouse Capital Management Inc. Has $146,000 Stock Holdings in NXP Semiconductors N.V. $NXPI

Palouse Capital Management Inc. decreased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 90.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 639 shares of the semiconductor provider’s stock after selling 6,380 shares during the quarter. Palouse Capital Management Inc.’s holdings in NXP Semiconductors were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. grew its stake in shares of NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $35,000. True Wealth Design LLC increased its position in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of NXP Semiconductors in the second quarter valued at $43,000. Finally, North Capital Inc. lifted its position in NXP Semiconductors by 119.8% in the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 103 shares during the period. 90.54% of the stock is owned by institutional investors.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. This represents a 51.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. This trade represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,097 shares of company stock valued at $5,003,058 over the last 90 days. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $237.89 on Friday. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The stock has a market capitalization of $59.87 billion, a PE ratio of 29.44, a PEG ratio of 3.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The stock’s fifty day moving average is $214.27 and its 200-day moving average is $220.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $3.45 EPS. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is 50.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. TD Cowen dropped their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Arete Research lifted their price objective on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.62.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.