Everence Capital Management Inc. Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Everence Capital Management Inc. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,650 shares of the semiconductor provider’s stock after selling 1,300 shares during the period. Everence Capital Management Inc.’s holdings in NXP Semiconductors were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NXPI. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Live Oak Investment Partners purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $28,000. Finally, Valley National Advisers Inc. grew its stake in shares of NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Truist Financial upped their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Mizuho upped their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Susquehanna increased their price target on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, TD Cowen upped their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Trading Down 0.3 %

Shares of NXP Semiconductors stock opened at $230.05 on Wednesday. The firm has a market cap of $59.00 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 0.87 and a beta of 1.59. The business has a 50-day moving average price of $241.82 and a 200-day moving average price of $218.35. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. Equities research analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. NXP Semiconductors’s payout ratio is 37.91%.

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.