NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 523,573 shares of the semiconductor provider's stock after purchasing an additional 1,581 shares during the period. Congress Asset Management Co. owned 0.21% of NXP Semiconductors worth $108,825,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NXPI. Global Retirement Partners LLC increased its holdings in shares of NXP Semiconductors by 5.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,083 shares of the semiconductor provider's stock worth $500,000 after buying an additional 116 shares during the last quarter. Trust Co. of Vermont increased its position in shares of NXP Semiconductors by 14.9% during the 3rd quarter. Trust Co. of Vermont now owns 2,929 shares of the semiconductor provider's stock worth $703,000 after purchasing an additional 380 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of NXP Semiconductors by 8.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,525 shares of the semiconductor provider's stock valued at $6,606,000 after acquiring an additional 2,248 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $605,000. Finally, Blue Trust Inc. lifted its holdings in shares of NXP Semiconductors by 14.3% in the 3rd quarter. Blue Trust Inc. now owns 2,881 shares of the semiconductor provider's stock worth $691,000 after acquiring an additional 361 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 7.3 %

Shares of NASDAQ NXPI traded up $16.72 during mid-day trading on Wednesday, reaching $245.58. The company had a trading volume of 5,339,840 shares, compared to its average volume of 2,773,483. The firm has a 50 day simple moving average of $213.39 and a two-hundred day simple moving average of $227.73. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market cap of $62.42 billion, a P/E ratio of 25.24, a PEG ratio of 2.75 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's payout ratio is currently 41.73%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 target price on the stock. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price objective for the company. Finally, StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $264.75.

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.