Cooper Financial Group Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Cooper Financial Group lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,829 shares of the semiconductor provider’s stock after selling 576 shares during the quarter. Cooper Financial Group’s holdings in NXP Semiconductors were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. Crumly & Associates Inc. raised its stake in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after purchasing an additional 45 shares during the last quarter. Sterling Investment Counsel LLC raised its position in shares of NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after buying an additional 46 shares during the last quarter. Ascent Group LLC lifted its stake 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 in the last quarter. Brighton Jones LLC lifted its stake in shares of NXP Semiconductors by 5.2% in the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock worth $275,000 after buying an additional 51 shares in the last quarter. Finally, Farmers National Bank boosted its position in NXP Semiconductors by 6.1% during the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock worth $242,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.0 %

NASDAQ:NXPI opened at $206.83 on Tuesday. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The stock’s fifty day moving average is $219.02 and its two-hundred day moving average is $237.50. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. 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 posted 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 for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 EPS. Research analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday. TD Cowen dropped their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $273.19.

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.