Choreo LLC Has $2.12 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Choreo LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,158 shares of the semiconductor provider’s stock after acquiring an additional 70 shares during the period. Choreo LLC’s holdings in NXP Semiconductors were worth $2,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. GDS Wealth Management raised its holdings in NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors during the fourth quarter worth $360,000. Banque Cantonale Vaudoise raised its holdings in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the last quarter. Finally, Austin Private Wealth LLC raised its holdings in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $216.82 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 capitalization of $55.11 billion, a PE ratio of 20.69, a P/E/G ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a 50-day moving average price of $214.42 and a two-hundred day moving average price of $230.24.

NXP Semiconductors (NASDAQ:NXPI) last issued its 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. 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 company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. Equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analyst Ratings Changes

Several research firms have weighed in on NXPI. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. UBS Group reduced their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” 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 company’s stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $263.15.

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.