NXP Semiconductors (NASDAQ:NXPI) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,212 shares of the semiconductor provider’s stock after selling 280 shares during the quarter. RNC Capital Management LLC’s holdings in NXP Semiconductors were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NXPI. Czech National Bank increased its position in shares of NXP Semiconductors by 6.6% during the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock worth $12,454,000 after acquiring an additional 3,198 shares during the period. Mather Group LLC. increased its position in shares of NXP Semiconductors by 43.5% during the third quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock worth $195,000 after acquiring an additional 246 shares during the period. CWM LLC increased its position in shares of NXP Semiconductors by 14.8% during the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock worth $1,211,000 after acquiring an additional 649 shares during the period. Patten Group Inc. grew its stake in shares of NXP Semiconductors by 1.9% during the third quarter. Patten Group Inc. now owns 3,520 shares of the semiconductor provider’s stock worth $845,000 after purchasing an additional 66 shares in the last quarter. Finally, Perpetual Ltd grew its stake in shares of NXP Semiconductors by 5.9% during the third quarter. Perpetual Ltd now owns 4,658 shares of the semiconductor provider’s stock worth $1,118,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NXPI shares. Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Loop Capital started coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Finally, Stifel Nicolaus decreased their price objective 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 data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

Shares of NXPI opened at $216.82 on Friday. The company has a market capitalization of $55.11 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The firm has a 50-day simple moving average of $214.42 and a 200-day simple moving average of $230.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly 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 analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.31 earnings per share. On average, equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.87%. NXP Semiconductors’s dividend 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.