Clearbridge Investments LLC Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Clearbridge Investments LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,026 shares of the semiconductor provider’s stock after selling 6,144 shares during the period. Clearbridge Investments LLC’s holdings in NXP Semiconductors were worth $5,748,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NXPI. FMR LLC lifted its holdings in NXP Semiconductors by 0.4% in the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after purchasing an additional 91,453 shares in the last quarter. Norges Bank purchased a new position in NXP Semiconductors in the 4th quarter worth approximately $762,077,000. Ameriprise Financial Inc. lifted its holdings in NXP Semiconductors by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares in the last quarter. Morgan Stanley lifted its holdings in NXP Semiconductors by 5.8% in the 3rd quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after purchasing an additional 119,183 shares in the last quarter. Finally, Northern Trust Corp increased its stake in NXP Semiconductors by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after acquiring an additional 211,927 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of research reports. UBS Group lifted their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $325.00 in a research note on Friday. Finally, Oppenheimer lifted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.80.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $277.17 on Friday. The stock’s fifty day moving average is $248.36 and its two-hundred day moving average is $230.87. The company has a market capitalization of $70.87 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52 week low of $163.26 and a 52 week high of $280.77.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, analysts expect that NXP Semiconductors will post 12.46 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.