Hodges Capital Management Inc. Cuts Stake in NXP Semiconductors NV (NXPI)

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Hodges Capital Management Inc. lessened its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 64.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,150 shares of the semiconductor provider’s stock after selling 47,775 shares during the period. Hodges Capital Management Inc.’s holdings in NXP Semiconductors were worth $2,311,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. MML Investors Services LLC raised its stake in shares of NXP Semiconductors by 2.8% in the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after acquiring an additional 133 shares during the period. Captrust Financial Advisors increased its stake in NXP Semiconductors by 3.0% during the 4th quarter. Captrust Financial Advisors now owns 6,757 shares of the semiconductor provider’s stock worth $497,000 after buying an additional 199 shares during the period. Utah Retirement Systems increased its stake in NXP Semiconductors by 0.3% during the 4th quarter. Utah Retirement Systems now owns 64,174 shares of the semiconductor provider’s stock worth $4,703,000 after buying an additional 200 shares during the period. Hancock Whitney Corp increased its stake in NXP Semiconductors by 7.3% during the 4th quarter. Hancock Whitney Corp now owns 3,086 shares of the semiconductor provider’s stock worth $226,000 after buying an additional 210 shares during the period. Finally, First Personal Financial Services increased its stake in NXP Semiconductors by 356.0% during the 4th quarter. First Personal Financial Services now owns 342 shares of the semiconductor provider’s stock worth $25,000 after buying an additional 267 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

NXPI opened at $99.23 on Tuesday. The stock has a market capitalization of $32.98 billion, a PE ratio of 16.71, a P/E/G ratio of 1.29 and a beta of 1.09. NXP Semiconductors NV has a 1-year low of $67.62 and a 1-year high of $122.24. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.59.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.28. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.52%. On average, equities analysts expect that NXP Semiconductors NV will post 6.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, March 15th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 16.84%.

Several equities research analysts recently issued reports on NXPI shares. Nomura raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Thursday, January 17th. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $78.00 to $73.00 and set a “sell” rating on the stock in a research note on Wednesday, January 9th. Piper Jaffray Companies started coverage on shares of NXP Semiconductors in a research note on Wednesday, December 26th. They set an “overweight” rating on the stock. Needham & Company LLC lifted their price target on shares of NXP Semiconductors to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 8th. Finally, TheStreet raised shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $101.02.

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

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