Caprock Group LLC Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Caprock Group LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,376 shares of the semiconductor provider’s stock after selling 693 shares during the quarter. Caprock Group LLC’s holdings in NXP Semiconductors were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares in the last quarter. International Assets Investment Management LLC increased its holdings in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after buying an additional 512,253 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after buying an additional 511,553 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $208.55 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business has a 50 day simple moving average of $215.79 and a 200-day simple moving average of $231.67. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The stock has a market capitalization of $53.01 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS 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 company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 annualized dividend and a yield of 1.94%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NXPI shares. 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. Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $270.85.

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.