Marshall Wace LLP Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Marshall Wace LLP increased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8,930.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,400 shares of the semiconductor provider's stock after buying an additional 116,100 shares during the quarter. Marshall Wace LLP's holdings in NXP Semiconductors were worth $24,402,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at about $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $46,000. Austin Private Wealth LLC raised its stake in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after purchasing an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NXP Semiconductors by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after purchasing an additional 2,609 shares during the period. Finally, Czech National Bank grew its position in NXP Semiconductors by 6.2% in the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock valued at $11,454,000 after buying an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $12.48 during mid-day trading on Thursday, hitting $193.35. 3,081,003 shares of the company were exchanged, compared to its average volume of 2,585,960. 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 has a 12-month low of $148.09 and a 12-month high of $296.08. The business's 50 day simple moving average is $198.40 and its two-hundred day simple moving average is $213.76. The company has a market capitalization of $49.04 billion, a P/E ratio of 19.87, a PEG ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Stifel Nicolaus cut their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.10.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Company 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.