NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 222,533 shares of the semiconductor provider’s stock after buying an additional 12,984 shares during the period. Janney Montgomery Scott LLC’s holdings in NXP Semiconductors were worth $46,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $33,000. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. Fortitude Family Office LLC grew its stake in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NXPI. Evercore ISI lowered their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. UBS Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Susquehanna dropped their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley lowered their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $219.88 on Friday. The firm has a market cap of $55.88 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.24 and a beta of 1.47. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The business’s 50-day moving average price is $216.94 and its 200 day moving average price is $234.94. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the business posted $3.31 EPS. The company’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

About NXP Semiconductors

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.