NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,162 shares of the semiconductor provider’s stock after selling 83 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in NXP Semiconductors were worth $657,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NXPI. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at $33,000. Valley Wealth Managers Inc. purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $48,000. Avior Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of NXP Semiconductors in the second quarter worth about $54,000. Finally, GHP Investment Advisors Inc. acquired a new stake in NXP Semiconductors during the third quarter worth about $58,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $213.41 on Tuesday. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The firm has a market capitalization of $54.24 billion, a PE ratio of 20.36, a PEG ratio of 4.37 and a beta of 1.47. 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 firm’s 50-day moving average price is $222.33 and its 200 day moving average price is $239.58.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NXPI shares. Evercore ISI lowered their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. The Goldman Sachs Group dropped their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Wells Fargo & Company started coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors 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.