Fmr LLC Acquires 86,716 Shares of NXP Semiconductors (NASDAQ:NXPI)

FMR LLC increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,084,729 shares of the semiconductor provider's stock after purchasing an additional 86,716 shares during the quarter. FMR LLC owned approximately 9.87% of NXP Semiconductors worth $5,213,861,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in NXPI. Vanguard Group Inc. lifted its holdings in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NXP Semiconductors by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after acquiring an additional 144,391 shares during the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after purchasing an additional 269,656 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

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Insider Transactions at NXP Semiconductors

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXPI. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley upgraded 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. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $267.00.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $2.32 during mid-day trading on Friday, hitting $167.91. The company had a trading volume of 2,446,788 shares, compared to its average volume of 2,553,760. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market cap of $42.59 billion, a P/E ratio of 17.06, a PEG ratio of 3.01 and a beta of 1.40. The business's 50-day simple moving average is $206.04 and its 200-day simple moving average is $217.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.42%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

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.