Assenagon Asset Management S.A. Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Assenagon Asset Management S.A. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1,172.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 555,189 shares of the semiconductor provider's stock after buying an additional 511,553 shares during the period. Assenagon Asset Management S.A. owned 0.22% of NXP Semiconductors worth $115,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in NXP Semiconductors by 33.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider's stock valued at $435,000 after buying an additional 406 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of NXP Semiconductors by 4.1% in the second quarter. Wealthspire Advisors LLC now owns 1,530 shares of the semiconductor provider's stock valued at $412,000 after purchasing an additional 60 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of NXP Semiconductors by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 435,567 shares of the semiconductor provider's stock worth $117,207,000 after buying an additional 10,142 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in NXP Semiconductors by 3,072.5% during the second quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider's stock valued at $1,024,000 after purchasing an additional 3,687 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider's stock worth $292,246,000 after buying an additional 127,607 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on NXPI shares. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Susquehanna cut their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a "buy" rating and a $300.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $273.19.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $2.93 during mid-day trading on Wednesday, hitting $213.56. 3,143,204 shares of the stock were exchanged, compared to its average volume of 2,124,128. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a market cap of $54.28 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. The firm has a fifty day moving average of $218.74 and a 200 day moving average of $237.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 earnings per share. Research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors's payout ratio is 38.65%.

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.