Gilliland Jeter Wealth Management LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Gilliland Jeter Wealth Management LLC acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,553 shares of the semiconductor provider’s stock, valued at approximately $357,000.

A number of other hedge funds also recently made changes to their positions in NXPI. IMPACTfolio LLC grew its holdings in NXP Semiconductors by 4.3% in the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after purchasing an additional 49 shares during the period. Financial Management Professionals Inc. grew its holdings in NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after purchasing an additional 50 shares during the period. Carret Asset Management LLC grew its holdings in NXP Semiconductors by 2.2% in the fourth quarter. Carret Asset Management LLC now owns 2,330 shares of the semiconductor provider’s stock worth $535,000 after purchasing an additional 50 shares during the period. Central Bank & Trust Co. grew its holdings in shares of NXP Semiconductors by 1.2% during the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after buying an additional 55 shares during the last quarter. Finally, Windsor Capital Management LLC grew its holdings in shares of NXP Semiconductors by 1.8% during the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after buying an additional 55 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $4.62 on Friday, hitting $242.70. 2,059,388 shares of the stock traded hands, compared to its average volume of 2,041,337. The firm has a market cap of $62.16 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.90 and a beta of 1.59. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The firm has a 50 day simple moving average of $241.20 and a two-hundred day simple moving average of $219.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, equities research analysts predict that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NXPI shares. JPMorgan Chase & Co. increased their price target on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Evercore ISI began coverage on shares of NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price target on the stock. Truist Financial increased their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Oppenheimer increased their price objective on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley increased their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $242.29.

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.