Ritholtz Wealth Management Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Ritholtz Wealth Management lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,794 shares of the semiconductor provider’s stock after selling 618 shares during the quarter. Ritholtz Wealth Management’s holdings in NXP Semiconductors were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in NXP Semiconductors by 33.5% in the second quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock valued at $435,000 after buying an additional 406 shares during the period. Edgestream Partners L.P. purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at $258,000. Mercer Global Advisors Inc. ADV raised its stake in shares of NXP Semiconductors by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider’s stock valued at $5,301,000 after acquiring an additional 425 shares during the period. Brighton Jones LLC boosted its position in NXP Semiconductors by 5.2% during the 2nd quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock worth $275,000 after purchasing an additional 51 shares during the period. Finally, Ieq Capital LLC boosted its position in NXP Semiconductors by 55.5% during the 2nd quarter. Ieq Capital LLC now owns 8,204 shares of the semiconductor provider’s stock worth $2,208,000 after purchasing an additional 2,927 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Susquehanna decreased their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. One 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.com, 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 opened at $215.36 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. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The stock’s 50 day moving average price is $217.51 and its 200 day moving average price is $236.14. The stock has a market cap of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 earnings per share. As a group, research analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

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.