NXP Semiconductors NV (NXPI) Stake Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,395 shares of the semiconductor provider’s stock after selling 7,572 shares during the period. Commonwealth Equity Services LLC’s holdings in NXP Semiconductors were worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Ltd. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $245,762,000. Putnam Investments LLC increased its holdings in shares of NXP Semiconductors by 191.9% in the third quarter. Putnam Investments LLC now owns 2,716,424 shares of the semiconductor provider’s stock valued at $232,254,000 after purchasing an additional 1,785,940 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $225,934,000. Brown Advisory Inc. increased its holdings in shares of NXP Semiconductors by 10,111.1% in the third quarter. Brown Advisory Inc. now owns 2,458,011 shares of the semiconductor provider’s stock valued at $210,159,000 after purchasing an additional 2,433,939 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $168,740,000. 79.95% of the stock is owned by institutional investors.

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NXPI has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price target on shares of NXP Semiconductors in a report on Thursday, January 24th. Piper Jaffray Companies initiated coverage on shares of NXP Semiconductors in a research note on Thursday, December 20th. They issued an “overweight” rating and a $100.00 price objective on the stock. Nomura raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Thursday, January 17th. Mizuho cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $99.00 to $95.00 in a research note on Friday, February 8th. Finally, UBS Group initiated coverage on shares of NXP Semiconductors in a research note on Thursday, December 6th. They issued a “neutral” rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $99.07.

Shares of NXPI stock opened at $94.08 on Friday. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $124.17. The company has a market capitalization of $32.48 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.46%. As a group, equities analysts anticipate that NXP Semiconductors NV will post 6.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Monday, March 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. NXP Semiconductors’s dividend payout ratio is 16.84%.

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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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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