NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,238 shares of the semiconductor provider’s stock after selling 2,465 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in NXP Semiconductors were worth $881,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 6.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,282 shares of the semiconductor provider’s stock worth $682,000 after buying an additional 212 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of NXP Semiconductors by 3.6% in the fourth quarter. Greenleaf Trust now owns 3,320 shares of the semiconductor provider’s stock valued at $690,000 after purchasing an additional 114 shares in the last quarter. Golden State Equity Partners grew its position in shares of NXP Semiconductors by 30.1% in the fourth quarter. Golden State Equity Partners now owns 1,643 shares of the semiconductor provider’s stock valued at $342,000 after purchasing an additional 380 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of NXP Semiconductors by 5.8% during the 4th quarter. DAVENPORT & Co LLC now owns 14,347 shares of the semiconductor provider’s stock worth $2,982,000 after purchasing an additional 781 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in shares of NXP Semiconductors by 5.5% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 9,399 shares of the semiconductor provider’s stock worth $1,954,000 after purchasing an additional 487 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on NXPI. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the company from $260.00 to $257.00 in a report on Friday, January 10th. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Evercore ISI lowered their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Price Performance

NXPI opened at $204.73 on Tuesday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a 50 day moving average of $215.79 and a two-hundred day moving average of $231.35. The company has a market cap of $52.03 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.14 and a beta of 1.46. 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 (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $3.31 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

NXP Semiconductors 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.