Fulton Bank N.A. cut its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,165 shares of the semiconductor provider’s stock after selling 581 shares during the period. Fulton Bank N.A.’s holdings in NXP Semiconductors were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Tower Bridge Advisors bought a new stake in shares of NXP Semiconductors during the third quarter worth approximately $1,778,000. Clearline Capital LP bought a new stake in shares of NXP Semiconductors during the third quarter worth approximately $651,000. Canyon Capital Advisors LLC raised its stake in shares of NXP Semiconductors by 144.9% during the second quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock worth $85,737,000 after buying an additional 464,290 shares during the last quarter. Sensato Investors LLC bought a new stake in shares of NXP Semiconductors during the second quarter worth approximately $2,011,000. Finally, Honeywell International Inc. bought a new stake in shares of NXP Semiconductors during the third quarter worth approximately $5,575,000. 75.54% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on NXPI shares. Susquehanna Bancshares started coverage on shares of NXP Semiconductors in a research note on Friday, December 7th. They set a “neutral” rating and a $90.00 price target for the company. UBS Group started coverage on shares of NXP Semiconductors in a research note on Thursday, December 6th. They set a “neutral” rating and a $90.00 price target for the company. Cowen boosted their price target on shares of NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, September 13th. SunTrust Banks upped their target price on shares of NXP Semiconductors to $99.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. They noted that the move was a valuation call. Finally, Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $105.00 to $95.00 in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $100.58.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. On average, research analysts anticipate that NXP Semiconductors NV will post 6.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 13.93%.
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About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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