Austin Private Wealth LLC Acquires 1,869 Shares of NXP Semiconductors (NASDAQ:NXPI)

Austin Private Wealth LLC raised its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 140.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,198 shares of the semiconductor provider's stock after acquiring an additional 1,869 shares during the quarter. Austin Private Wealth LLC's holdings in NXP Semiconductors were worth $665,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after acquiring an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp lifted its stake in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after acquiring an additional 724,951 shares during the last quarter. International Assets Investment Management LLC lifted its stake in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock valued at $123,447,000 after acquiring an additional 512,253 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after acquiring an additional 511,553 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NXPI. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price target for the company. Susquehanna cut their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and cut their target price for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $269.85.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded down $3.91 during midday trading on Tuesday, hitting $200.82. 2,447,777 shares of the company traded hands, compared to its average volume of 2,518,535. The stock has a market cap of $51.04 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm's fifty day moving average price is $215.21 and its 200-day moving average price is $230.83. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm posted $3.31 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

About NXP Semiconductors

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.