Madison Investment Advisors LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Madison Investment Advisors LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,645 shares of the semiconductor provider's stock, valued at approximately $2,005,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after acquiring an additional 142 shares during the period. Commerce Bank grew its holdings in NXP Semiconductors by 1.2% during the third quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider's stock worth $1,815,000 after acquiring an additional 87 shares during the period. Advisors Asset Management Inc. raised its position in NXP Semiconductors by 1.2% in the third quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider's stock worth $5,202,000 after acquiring an additional 248 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in NXP Semiconductors by 31.8% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider's stock worth $573,000 after acquiring an additional 576 shares in the last quarter. Finally, Trustmark National Bank Trust Department lifted its holdings in NXP Semiconductors by 6.8% in the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock valued at $221,000 after acquiring an additional 59 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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NXP Semiconductors Trading Up 0.9 %

NXPI traded up $2.00 on Tuesday, reaching $213.12. 446,354 shares of the company's stock were exchanged, compared to its average volume of 2,287,834. The company has a market cap of $54.05 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a twelve month low of $196.95 and a twelve month high of $296.08. The company's 50 day moving average is $215.54 and its 200-day moving average is $222.68.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NXPI shares. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Finally, Susquehanna reduced their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $267.00.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company's stock.

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.