SouthState Corp increased its position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 196.2% during the 1st quarter, Holdings Channel reports. The firm owned 462 shares of the semiconductor provider’s stock after acquiring an additional 306 shares during the quarter. SouthState Corp’s holdings in NXP Semiconductors were worth $86,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co bought a new position in NXP Semiconductors in the first quarter worth approximately $26,000. Toth Financial Advisory Corp grew its stake in NXP Semiconductors by 265.1% in the first quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 114 shares in the last quarter. Steward Financial Group LLC bought a new position in NXP Semiconductors in the first quarter worth approximately $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in NXP Semiconductors in the first quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. bought a new position in NXP Semiconductors in the first quarter worth approximately $35,000. Institutional investors own 89.03% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on NXPI shares. Citigroup lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $240.00 to $190.00 in a report on Tuesday, April 19th. Wells Fargo & Company lowered their target price on NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Piper Sandler lowered their target price on NXP Semiconductors from $210.00 to $175.00 in a report on Tuesday, May 3rd. Needham & Company LLC upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 27th. Finally, Oppenheimer lowered their target price on NXP Semiconductors from $235.00 to $210.00 in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.95.
NXP Semiconductors Stock Performance
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last issued its earnings results on Monday, July 25th. The semiconductor provider reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.50. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. As a group, research analysts expect that NXP Semiconductors will post 12.72 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, June 14th. NXP Semiconductors’s dividend payout ratio is currently 36.90%.
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.
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