Confluence Investment Management LLC Decreases Position in NXP Semiconductors (NASDAQ:NXPI)

Confluence Investment Management LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,298 shares of the semiconductor provider’s stock after selling 3,824 shares during the period. Confluence Investment Management LLC’s holdings in NXP Semiconductors were worth $44,542,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NXPI. Addison Advisors LLC lifted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $33,000. Valley Wealth Managers Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $48,000. Fairfield Financial Advisors LTD purchased a new position in shares of NXP Semiconductors during the second quarter worth approximately $54,000. Finally, Isthmus Partners LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $55,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reduced their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price on the stock. Finally, Susquehanna cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $1.47 during mid-day trading on Thursday, reaching $209.32. The company had a trading volume of 293,002 shares, compared to its average volume of 2,300,449. The stock’s 50-day simple moving average is $224.40 and its 200-day simple moving average is $241.06. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. 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 capitalization of $53.20 billion, a P/E ratio of 19.97, a P/E/G ratio of 4.37 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.94%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

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.