NXP Semiconductors (NASDAQ:NXPI) Position Increased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 39.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,301 shares of the semiconductor provider’s stock after purchasing an additional 367 shares during the quarter. Silver Oak Securities Incorporated’s holdings in NXP Semiconductors were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in NXP Semiconductors during the 3rd quarter valued at approximately $26,000. BluePath Capital Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter valued at approximately $28,000. Valley National Advisers Inc. boosted its position in NXP Semiconductors by 98.6% during the 4th 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 boosted its position in NXP Semiconductors by 100.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Finally, Atticus Wealth Management LLC boosted its position in NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.6 %

Shares of NXP Semiconductors stock opened at $249.43 on Thursday. The stock’s fifty day moving average is $242.28 and its 200-day moving average is $220.92. The firm has a market capitalization of $63.88 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Equities analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared 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 was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.63%. NXP Semiconductors’s dividend payout ratio is 37.49%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen lifted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Morgan Stanley lifted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Finally, The Goldman Sachs Group lifted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $257.72.

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.