Montecito Bank & Trust Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Montecito Bank & Trust increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,365 shares of the semiconductor provider’s stock after acquiring an additional 175 shares during the period. Montecito Bank & Trust’s holdings in NXP Semiconductors were worth $284,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group grew its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on NXPI. UBS Group lowered their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley dropped their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $213.43 on Friday. The company has a market cap of $54.24 billion, a PE ratio of 20.37, a P/E/G ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The firm has a 50-day simple moving average of $216.86 and a 200 day simple moving average of $234.84. 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 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during 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%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 earnings per share. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.65%.

About NXP Semiconductors

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.