Flagship Harbor Advisors LLC reduced its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 23.3% in the 1st quarter, HoldingsChannel reports. The fund owned 1,095 shares of the semiconductor provider’s stock after selling 332 shares during the period. Flagship Harbor Advisors LLC’s holdings in NXP Semiconductors were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. First Personal Financial Services raised its position in NXP Semiconductors by 356.0% during the fourth quarter. First Personal Financial Services now owns 342 shares of the semiconductor provider’s stock valued at $25,000 after acquiring an additional 267 shares in the last quarter. Legacy Bridge LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $26,000. Lindbrook Capital LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $26,000. Berman Capital Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $27,000. Finally, Intercontinental Wealth Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $29,000. Institutional investors own 77.54% of the company’s stock.
NXP Semiconductors stock opened at $100.59 on Friday. The company has a market capitalization of $33.06 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $122.24. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17.
The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, March 15th. NXP Semiconductors’s payout ratio is 16.84%.
Several research analysts recently weighed in on NXPI shares. TheStreet upgraded NXP Semiconductors from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. Nomura upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Thursday, January 17th. Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, January 2nd. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price target on shares of NXP Semiconductors in a research report on Thursday, January 24th. Finally, Deutsche Bank lifted their price target on NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $101.02.
NXP Semiconductors Profile
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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