Massachusetts Financial Services Co. MA Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,046,230 shares of the semiconductor provider's stock after purchasing an additional 144,391 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.17% of NXP Semiconductors worth $1,672,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC increased its holdings in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the fourth quarter valued at about $32,000. Finally, Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on NXPI. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Truist Financial increased 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. Morgan Stanley upgraded 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 note on Wednesday, February 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $267.00.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $11.07 during trading hours on Friday, reaching $160.81. The company had a trading volume of 6,448,979 shares, compared to its average volume of 2,476,330. 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 1-year low of $155.87 and a 1-year high of $296.08. The business's 50 day moving average price is $211.21 and its 200-day moving average price is $220.30. The firm has a market cap of $40.78 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

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.