Raymond James Financial Services Advisors Inc. Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 561,766 shares of the semiconductor provider’s stock after selling 24,629 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NXP Semiconductors were worth $139,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after buying an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in NXP Semiconductors by 29.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after purchasing an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after purchasing an additional 34,131 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of NXP Semiconductors by 15.2% during the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock valued at $26,641,000 after purchasing an additional 15,283 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NXPI shares. Morgan Stanley boosted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Truist Financial increased their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday. Mizuho raised their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Trading Up 3.7 %

NXP Semiconductors stock traded up $9.06 during mid-day trading on Tuesday, reaching $256.19. 4,799,059 shares of the company traded hands, compared to its average volume of 2,386,966. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The firm has a market capitalization of $65.61 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 0.92 and a beta of 1.59. The firm’s 50 day moving average price is $242.00 and its 200 day moving average price is $220.72.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given 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 dividend yield of 1.58%. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

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.