Pacer Advisors Inc. Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Pacer Advisors Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,682 shares of the semiconductor provider’s stock after buying an additional 5,055 shares during the quarter. Pacer Advisors Inc.’s holdings in NXP Semiconductors were worth $7,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crumly & Associates Inc. boosted its position in shares of NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares during the last quarter. Sterling Investment Counsel LLC boosted its holdings in NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares during the last quarter. Ascent Group LLC boosted its holdings in NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the last quarter. Central Bank & Trust Co. grew its stake in shares of NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the period. Finally, Farmers National Bank increased its holdings in shares of NXP Semiconductors by 6.1% during the 2nd quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock worth $242,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $213.01 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm’s fifty day simple moving average is $216.55 and its 200-day simple moving average is $232.88. The firm has a market capitalization of $54.14 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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 analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm posted $3.31 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.