Nikulski Financial Inc. Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Nikulski Financial Inc. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,685 shares of the semiconductor provider’s stock after selling 227 shares during the quarter. Nikulski Financial Inc.’s holdings in NXP Semiconductors were worth $766,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. State Street Corp boosted its holdings in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its stake in NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after acquiring an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $213.43 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market cap of $54.25 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.25 and a beta of 1.47. The stock has a 50-day moving average of $216.79 and a two-hundred day moving average of $234.39. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm earned $3.31 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. NXP Semiconductors’s payout ratio is currently 38.74%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC lowered their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Morgan Stanley cut their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities 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 MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

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.