Perigon Wealth Management LLC Sells 228 Shares of NXP Semiconductors (NASDAQ:NXPI)

Perigon Wealth Management LLC cut its position in NXP Semiconductors (NASDAQ:NXPI) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 951 shares of the semiconductor provider’s stock after selling 228 shares during the quarter. Perigon Wealth Management LLC’s holdings in NXP Semiconductors were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth approximately $33,000. Brooklyn Investment Group lifted its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares during the period. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Susquehanna cut their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company assumed coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Trading Down 1.8 %

NASDAQ NXPI opened at $204.73 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The firm has a market capitalization of $52.03 billion, a PE ratio of 19.54, a P/E/G ratio of 3.14 and a beta of 1.46. The stock’s 50 day moving average is $215.79 and its 200 day moving average is $231.35.

NXP Semiconductors (NASDAQ:NXPI) last announced 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 firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.98%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

About NXP Semiconductors

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.