Wright Investors Service Inc. Sells 916 Shares of NXP Semiconductors (NASDAQ:NXPI)

Wright Investors Service Inc. decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 23.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,975 shares of the semiconductor provider’s stock after selling 916 shares during the period. Wright Investors Service Inc.’s holdings in NXP Semiconductors were worth $618,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. lifted its holdings in NXP Semiconductors by 33.5% during the second quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after buying an additional 406 shares during the period. Wealthspire Advisors LLC raised its position in shares of NXP Semiconductors by 4.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 1,530 shares of the semiconductor provider’s stock worth $412,000 after acquiring an additional 60 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of NXP Semiconductors by 11.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,004 shares of the semiconductor provider’s stock worth $7,805,000 after purchasing an additional 3,059 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in NXP Semiconductors by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 435,567 shares of the semiconductor provider’s stock valued at $117,207,000 after purchasing an additional 10,142 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in NXP Semiconductors by 3,072.5% in the second quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider’s stock valued at $1,024,000 after purchasing an additional 3,687 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $206.83 on Tuesday. The stock has a market cap of $52.57 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The company has a 50 day simple moving average of $219.02 and a two-hundred day simple moving average of $237.50. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

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, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 earnings per share. As a group, analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business 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. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. NXP Semiconductors’s payout ratio is 38.65%.

Wall Street Analyst Weigh In

Several research firms have commented on NXPI. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $260.00 to $257.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

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.