Patriot Investment Management Group Inc. Sells 100 Shares of NXP Semiconductors (NASDAQ:NXPI)

Patriot Investment Management Group Inc. lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 6.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,380 shares of the semiconductor provider’s stock after selling 100 shares during the period. Patriot Investment Management Group Inc.’s holdings in NXP Semiconductors were worth $287,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Crumly & Associates Inc. lifted its holdings in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after buying an additional 45 shares in the last quarter. Sterling Investment Counsel LLC boosted its stake in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after buying an additional 46 shares during the last quarter. Ascent Group LLC raised its holdings in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares in the last quarter. Central Bank & Trust Co. increased its position in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the last quarter. Finally, Farmers National Bank raised its stake in NXP Semiconductors by 6.1% during the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after purchasing an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $219.88 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $216.94 and its 200-day moving average price is $234.94. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The company has a market cap of $55.88 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.25 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the company earned $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors’s payout ratio is currently 38.74%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Evercore ISI dropped their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial lowered their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group dropped their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

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.