Griffin Asset Management Inc. Sells 90 Shares of NXP Semiconductors (NASDAQ:NXPI)

Griffin Asset Management Inc. cut its holdings in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,658 shares of the semiconductor provider’s stock after selling 90 shares during the period. Griffin Asset Management Inc.’s holdings in NXP Semiconductors were worth $677,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NXPI. Valeo Financial Advisors LLC increased its stake in NXP Semiconductors by 2.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,530 shares of the semiconductor provider’s stock valued at $576,000 after acquiring an additional 49 shares during the period. Checchi Capital Advisers LLC increased its stake in NXP Semiconductors by 2.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,807 shares of the semiconductor provider’s stock valued at $412,000 after acquiring an additional 50 shares during the period. Allred Capital Management LLC increased its stake in NXP Semiconductors by 2.3% during the fourth quarter. Allred Capital Management LLC now owns 2,275 shares of the semiconductor provider’s stock valued at $518,000 after acquiring an additional 52 shares during the period. Andesa Financial Management Inc. increased its stake in NXP Semiconductors by 4.3% during the fourth quarter. Andesa Financial Management Inc. now owns 1,295 shares of the semiconductor provider’s stock valued at $295,000 after acquiring an additional 53 shares during the period. Finally, Midwest Professional Planners LTD. increased its stake in NXP Semiconductors by 2.2% during the fourth quarter. Midwest Professional Planners LTD. now owns 2,552 shares of the semiconductor provider’s stock valued at $581,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 89.03% of the company’s stock.

NXPI has been the topic of several research reports. Citigroup lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $240.00 to $190.00 in a research note on Tuesday, April 19th. UBS Group lowered their price target on NXP Semiconductors from $170.00 to $160.00 in a research note on Wednesday, May 4th. Barclays decreased their price objective on NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on NXP Semiconductors from $245.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. Finally, Susquehanna decreased their price objective on NXP Semiconductors from $225.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.95.

NASDAQ:NXPI opened at $156.95 on Thursday. The stock’s fifty day moving average price is $176.31 and its two-hundred day moving average price is $192.54. NXP Semiconductors has a 52-week low of $155.72 and a 52-week high of $239.91. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.39 and a current ratio of 1.85. The company has a market cap of $41.21 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 0.59 and a beta of 1.35.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.26. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. On average, equities analysts predict that NXP Semiconductors will post 12.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, June 14th. NXP Semiconductors’s payout ratio is 41.99%.

NXP Semiconductors Company Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors (NASDAQ:NXPIGet Rating).

Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.