McHugh Group LLC Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

McHugh Group LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,270 shares of the semiconductor provider’s stock, valued at approximately $264,000.

Several other institutional investors have also added to or reduced their stakes in NXPI. Crumly & Associates Inc. lifted its stake in NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares during the period. Sterling Investment Counsel LLC lifted its position in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares during the period. Ascent Group LLC boosted its holdings in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. increased its holdings in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its position in NXP Semiconductors by 6.4% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock worth $207,000 after acquiring an additional 52 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent research reports. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. Barclays cut their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday. UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Up 5.4 %

Shares of NXPI opened at $213.24 on Thursday. 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 52-week low of $198.21 and a 52-week high of $296.08. The company has a market cap of $54.20 billion, a PE ratio of 20.35, a P/E/G ratio of 3.14 and a beta of 1.46. The business has a fifty day moving average of $214.42 and a 200 day moving average of $230.24.

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 firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.31 EPS. On average, sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 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.