LBP AM SA lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 132.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,960 shares of the semiconductor provider's stock after buying an additional 43,833 shares during the period. LBP AM SA's holdings in NXP Semiconductors were worth $15,996,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. raised its position in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after purchasing an additional 93,129 shares during the period. Van ECK Associates Corp raised its position in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock worth $655,453,000 after purchasing an additional 20,145 shares during the period. Institutional investors own 90.54% of the company's stock.
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI traded up $5.14 during trading hours on Friday, hitting $206.16. 2,771,372 shares of the company's stock were exchanged, compared to its average volume of 2,293,743. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. The company's 50-day moving average price is $215.95 and its 200-day moving average price is $224.68.
NXP Semiconductors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.97%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NXPI. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $267.00.
Check Out Our Latest Analysis on NXPI
NXP Semiconductors Company Profile
(
Free Report)
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.
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