Cerro Pacific Wealth Advisors LLC Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Cerro Pacific Wealth Advisors LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 947 shares of the semiconductor provider’s stock after buying an additional 78 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. ORG Wealth Partners LLC grew its holdings 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 valued at $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at about $33,000. Brooklyn Investment Group boosted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the period. Fortitude Family Office LLC lifted 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 in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after buying an additional 142 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.8 %

Shares of NXP Semiconductors stock opened at $219.88 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market cap of $55.88 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The company’s 50-day simple moving average is $216.94 and its 200-day simple moving average is $234.94.

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

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research analyst reports. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective on the stock. Barclays decreased their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Truist Financial lowered their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley cut 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

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.