NXP Semiconductors N.V. (NASDAQ:NXPI) Holdings Lowered by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 45.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,062 shares of the semiconductor provider’s stock after selling 896 shares during the period. Appleton Partners Inc. MA’s holdings in NXP Semiconductors were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NXPI. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter worth about $32,000. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the 4th quarter worth about $44,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth about $46,000. Finally, GoalVest Advisory LLC lifted its stake in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock worth $52,000 after acquiring an additional 227 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXPI. UBS Group cut their price target on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Citigroup cut their price target on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Evercore ISI reaffirmed an “outperform” rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Barclays cut their price target on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC cut their price target on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.78.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $209.00 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The firm has a market cap of $52.80 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.60 and a beta of 1.39. The business’s 50-day simple moving average is $196.64 and its 200-day simple moving average is $204.63. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.24 EPS. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 44.23%.

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.