Zhang Financial LLC Acquires 913 Shares of NXP Semiconductors (NASDAQ:NXPI)

Zhang Financial LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,194 shares of the semiconductor provider’s stock after buying an additional 913 shares during the period. Zhang Financial LLC’s holdings in NXP Semiconductors were worth $1,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bowman & Co S.C. boosted its holdings in shares of NXP Semiconductors by 3.6% during the 4th quarter. Bowman & Co S.C. now owns 5,772 shares of the semiconductor provider’s stock worth $1,199,000 after buying an additional 198 shares during the period. Smith Salley Wealth Management lifted its position in NXP Semiconductors by 0.9% during the fourth quarter. Smith Salley Wealth Management now owns 97,602 shares of the semiconductor provider’s stock worth $20,287,000 after acquiring an additional 834 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 9.3% during the fourth quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider’s stock worth $735,000 after acquiring an additional 302 shares during the period. Trust Co. of Vermont grew its position in shares of NXP Semiconductors by 22.9% in the fourth quarter. Trust Co. of Vermont now owns 3,599 shares of the semiconductor provider’s stock valued at $748,000 after purchasing an additional 670 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the subject of several recent research reports. Truist Financial reduced their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. Finally, Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $271.60.

NXP Semiconductors Stock Up 2.2 %

NXPI stock opened at $215.36 on Monday. The firm has a 50-day moving average price of $217.51 and a 200-day moving average price of $236.14. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. 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 stock has a market capitalization of $54.74 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.11 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 for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

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.