1,732 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by Merit Financial Group LLC

Merit Financial Group LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,732 shares of the semiconductor provider’s stock, valued at approximately $360,000.

A number of other hedge funds have also modified their holdings of NXPI. Benjamin F. Edwards & Company Inc. increased its holdings in shares of NXP Semiconductors by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock valued at $169,000 after purchasing an additional 54 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in NXP Semiconductors by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock valued at $3,685,000 after buying an additional 956 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of NXP Semiconductors by 71.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after acquiring an additional 4,052 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of NXP Semiconductors by 12.0% during the 2nd quarter. APG Asset Management N.V. now owns 210,410 shares of the semiconductor provider’s stock worth $52,829,000 after acquiring an additional 22,581 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after acquiring an additional 118,366 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.9 %

NASDAQ:NXPI opened at $213.43 on Friday. 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 has a market cap of $54.24 billion, a P/E ratio of 20.37, a PEG ratio of 3.25 and a beta of 1.47. The stock’s 50 day simple moving average is $216.86 and its 200-day simple moving average is $234.84. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 earnings per share. Equities analysts anticipate 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 was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXPI. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Susquehanna lowered their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen reduced their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Loop Capital assumed coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. One 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Company 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.