Crossmark Global Holdings Inc. Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Crossmark Global Holdings Inc. decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,954 shares of the semiconductor provider’s stock after selling 459 shares during the period. Crossmark Global Holdings Inc.’s holdings in NXP Semiconductors were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares during the period. Van ECK Associates Corp increased its position in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the period. International Assets Investment Management LLC increased its position in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.8 %

Shares of NXP Semiconductors stock opened at $219.88 on Friday. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The firm has a market cap of $55.88 billion, a PE ratio of 20.98, a P/E/G ratio of 3.24 and a beta of 1.47. The business’s fifty day moving average is $216.94 and its two-hundred day moving average is $234.94. 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 issued 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 return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analyst Ratings Changes

Several equities analysts have issued reports on NXPI shares. Wells Fargo & Company started coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Oppenheimer lowered their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

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.