CCLA Investment Management Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

CCLA Investment Management raised its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 538,965 shares of the semiconductor provider's stock after buying an additional 94,030 shares during the period. CCLA Investment Management owned about 0.21% of NXP Semiconductors worth $112,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NXPI. ORG Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $33,000. Fortitude Family Office LLC increased its stake in shares of 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. Avior Wealth Management LLC increased its stake in shares of NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock valued at $53,000 after buying an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $58,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Up 1.4 %

Shares of NXPI stock traded up $2.93 during trading hours on Wednesday, reaching $213.56. The company had a trading volume of 3,143,204 shares, compared to its average volume of 2,124,128. NXP Semiconductors has a 12 month low of $201.58 and a 12 month 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 business has a fifty day simple moving average of $218.74 and a 200-day simple moving average of $237.09. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $3.31 earnings per share. The company's revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.90%. NXP Semiconductors's dividend payout ratio is presently 38.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 target price on the stock. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Monday. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Finally, TD Cowen cut their target price on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $273.19.

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.