Carmel Capital Management L.L.C. Sells 5,330 Shares of NXP Semiconductors (NASDAQ:NXPI)

Carmel Capital Management L.L.C. lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,697 shares of the semiconductor provider’s stock after selling 5,330 shares during the quarter. NXP Semiconductors makes up about 4.6% of Carmel Capital Management L.L.C.’s holdings, making the stock its 6th biggest holding. Carmel Capital Management L.L.C.’s holdings in NXP Semiconductors were worth $12,200,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NXPI shares. Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Barclays decreased their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Stock Up 1.8 %

Shares of NXPI opened at $219.88 on Friday. The business’s 50 day simple moving average is $216.94 and its 200-day simple moving average is $234.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08. The company has a market capitalization of $55.88 billion, a P/E ratio of 20.98, a PEG ratio of 3.25 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the business posted $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid 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 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

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.