Janney Montgomery Scott LLC Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Posted by on Apr 23rd, 2023

Janney Montgomery Scott LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,587 shares of the semiconductor provider’s stock after buying an additional 1,375 shares during the quarter. Janney Montgomery Scott LLC’s holdings in NXP Semiconductors were worth $4,360,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BDO Wealth Advisors LLC increased its holdings in NXP Semiconductors by 239.2% in the fourth quarter. BDO Wealth Advisors LLC now owns 173 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 122 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in NXP Semiconductors by 148.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 196 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of NXP Semiconductors by 455.0% during the third quarter. Rosenberg Matthew Hamilton now owns 222 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 182 shares during the last quarter. Old North State Trust LLC purchased a new position in shares of NXP Semiconductors during the third quarter worth about $39,000. Finally, Affiance Financial LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $169.82 on Friday. The firm has a 50 day moving average of $178.37 and a 200-day moving average of $168.97. NXP Semiconductors has a 12-month low of $132.08 and a 12-month high of $198.28. The company has a current ratio of 2.12, a quick ratio of 1.58 and a debt-to-equity ratio of 1.44. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.71 and a beta of 1.52.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last posted its quarterly earnings results on Monday, January 30th. The semiconductor provider reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. NXP Semiconductors had a net margin of 21.11% and a return on equity of 52.47%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.28 billion. As a group, equities analysts expect that NXP Semiconductors will post 10.82 EPS for the current fiscal year.

NXP Semiconductors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, March 14th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.45%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on NXP Semiconductors from $174.00 to $177.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Needham & Company LLC raised their price objective on NXP Semiconductors from $200.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 1st. StockNews.com initiated coverage on NXP Semiconductors in a report on Thursday, March 16th. They set a “buy” rating on the stock. Credit Suisse Group increased their target price on shares of NXP Semiconductors from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Finally, Truist Financial increased their target price on shares of NXP Semiconductors from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.95.

NXP Semiconductors Company Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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