OLD National Bancorp IN Acquires 152 Shares of NXP Semiconductors (NASDAQ:NXPI)

OLD National Bancorp IN grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,811 shares of the semiconductor provider’s stock after purchasing an additional 152 shares during the period. OLD National Bancorp IN’s holdings in NXP Semiconductors were worth $792,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NXPI. Algert Global LLC acquired a new position in NXP Semiconductors during the 2nd quarter worth about $331,000. NewEdge Advisors LLC raised its position in shares of NXP Semiconductors by 50.7% during the second quarter. NewEdge Advisors LLC now owns 9,560 shares of the semiconductor provider’s stock worth $2,572,000 after acquiring an additional 3,216 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of NXP Semiconductors by 24.5% in the second quarter. Clearbridge Investments LLC now owns 27,357 shares of the semiconductor provider’s stock worth $7,361,000 after acquiring an additional 5,386 shares during the period. Sanctuary Advisors LLC bought a new stake in NXP Semiconductors in the second quarter valued at approximately $7,142,000. Finally, Centaurus Financial Inc. acquired a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $158,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $208.55 on Friday. The firm has a market capitalization of $53.01 billion, a P/E ratio of 19.90, a P/E/G ratio of 3.21 and a beta of 1.47. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08. The stock has a 50 day moving average price of $216.15 and a two-hundred day moving average price of $232.59. 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 announced 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. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal 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 given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NXPI shares. Oppenheimer lowered their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

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.