NXP Semiconductors (NASDAQ:NXPI) Position Reduced by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,578 shares of the semiconductor provider’s stock after selling 1,590 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NXP Semiconductors were worth $5,215,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. Valley National Advisers Inc. boosted its stake in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after acquiring an additional 68 shares during the period. Atticus Wealth Management LLC boosted its stake in NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after acquiring an additional 165 shares during the period. Avalon Trust Co bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $42,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $54,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $277.17 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm’s 50 day moving average is $248.36 and its 200-day moving average is $231.21. NXP Semiconductors has a 12-month low of $163.26 and a 12-month high of $280.77. The stock has a market capitalization of $70.87 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.59 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Equities research analysts anticipate that NXP Semiconductors will post 12.46 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.46%. NXP Semiconductors’s payout ratio is presently 37.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Jefferies Financial Group started coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. Finally, Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.80.

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.