NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 19.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 951 shares of the semiconductor provider’s stock after selling 228 shares during the quarter. Perigon Wealth Management LLC’s holdings in NXP Semiconductors were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $204.73 on Tuesday. The firm has a market cap of $52.03 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The business’s fifty day moving average is $215.79 and its 200-day moving average is $231.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the firm posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.98%. NXP Semiconductors’s dividend payout ratio is 38.74%.

Analysts Set New Price Targets

A number of research firms have recently commented on NXPI. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Susquehanna reduced their price objective on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company began 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. Finally, Truist Financial dropped their target price 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. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $270.85.

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.