Cambridge Trust Co. Reduces Stake in NXP Semiconductors (NASDAQ:NXPI)

Cambridge Trust Co. lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 800 shares of the semiconductor provider’s stock after selling 53 shares during the quarter. Cambridge Trust Co.’s holdings in NXP Semiconductors were worth $184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in NXP Semiconductors by 0.4% in the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after acquiring an additional 91,453 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of NXP Semiconductors by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares during the last quarter. State Street Corp lifted its stake in shares of NXP Semiconductors by 2.4% in the 1st quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock valued at $1,876,564,000 after purchasing an additional 232,704 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NXP Semiconductors by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock worth $857,868,000 after purchasing an additional 98,570 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 1.9 %

NXP Semiconductors stock opened at $215.12 on Friday. The stock has a market cap of $55.09 billion, a PE ratio of 20.09, a P/E/G ratio of 0.83 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The stock’s fifty day moving average is $241.39 and its two-hundred day moving average is $218.52. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, sell-side analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal 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 given 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 1.89%. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent analyst reports. Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. TD Cowen boosted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Oppenheimer lifted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley increased their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. 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 MarketBeat.com, NXP Semiconductors 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.