Quadrant Capital Group LLC Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Quadrant Capital Group LLC cut its stake in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 13.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,313 shares of the semiconductor provider’s stock after selling 200 shares during the quarter. Quadrant Capital Group LLC’s holdings in NXP Semiconductors were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of NXP Semiconductors by 1.8% in the first quarter. Commonwealth Equity Services LLC now owns 31,771 shares of the semiconductor provider’s stock worth $5,880,000 after purchasing an additional 551 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $211,000. Personal CFO Solutions LLC increased its position in shares of NXP Semiconductors by 11.8% during the first quarter. Personal CFO Solutions LLC now owns 2,021 shares of the semiconductor provider’s stock valued at $374,000 after acquiring an additional 213 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of NXP Semiconductors by 18.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 656 shares of the semiconductor provider’s stock valued at $149,000 after acquiring an additional 102 shares during the last quarter. Finally, KCS Wealth Advisory increased its position in shares of NXP Semiconductors by 1.9% during the first quarter. KCS Wealth Advisory now owns 7,272 shares of the semiconductor provider’s stock valued at $1,346,000 after acquiring an additional 133 shares during the last quarter. 89.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Truist Financial decreased their price target on NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, April 8th. Piper Sandler decreased their price target on NXP Semiconductors from $210.00 to $175.00 in a research report on Tuesday, May 3rd. Wells Fargo & Company decreased their target price on NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Citigroup downgraded NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $240.00 to $190.00 in a research report on Tuesday, April 19th. Finally, Mizuho decreased their target price on NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $204.95.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $181.66 on Friday. NXP Semiconductors has a one year low of $140.33 and a one year high of $239.91. The business has a fifty day moving average price of $168.25 and a 200-day moving average price of $178.96. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.15 and a quick ratio of 1.65. The firm has a market capitalization of $47.70 billion, a P/E ratio of 19.83, a PEG ratio of 0.66 and a beta of 1.48.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last posted its quarterly earnings data on Monday, July 25th. The semiconductor provider reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.50. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. As a group, equities research analysts forecast that NXP Semiconductors will post 12.72 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th were paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, June 14th. NXP Semiconductors’s dividend payout ratio is 36.90%.

NXP Semiconductors Company Profile

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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)

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