Jacobs & Co. CA Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Jacobs & Co. CA lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,675 shares of the semiconductor provider’s stock after buying an additional 91 shares during the period. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares in the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors during the third quarter worth about $33,000. Valley Wealth Managers Inc. purchased a new position in NXP Semiconductors during the second quarter worth about $48,000. Fairfield Financial Advisors LTD purchased a new position in NXP Semiconductors during the second quarter worth about $54,000. Finally, Fortitude Family Office LLC raised its stake in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 0.8 %

NASDAQ NXPI traded down $1.77 on Friday, hitting $207.95. 1,338,524 shares of the stock were exchanged, compared to its average volume of 1,939,123. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The company has a market cap of $52.85 billion, a PE ratio of 19.84, a PEG ratio of 4.37 and a beta of 1.47. The company has a 50-day moving average price of $220.26 and a 200-day moving average price of $238.76.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NXPI. UBS Group reduced their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the company from $260.00 to $257.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

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.