Stifel Financial Corp Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Stifel Financial Corp boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,841 shares of the semiconductor provider's stock after acquiring an additional 26,943 shares during the period. Stifel Financial Corp's holdings in NXP Semiconductors were worth $24,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Operose Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter worth about $26,000. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock valued at $31,000 after acquiring an additional 68 shares in the last quarter. Atticus Wealth Management LLC boosted its stake in NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider's stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Avalon Trust Co purchased a new stake in NXP Semiconductors during the 4th quarter valued at $42,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. Evercore ISI upped their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Argus lifted their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Finally, UBS Group raised their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.80.

NXP Semiconductors Price Performance

NXPI stock traded up $0.67 during trading on Friday, reaching $272.10. The company's stock had a trading volume of 3,065,120 shares, compared to its average volume of 1,610,251. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company's fifty day moving average is $251.74 and its 200-day moving average is $234.21. The company has a market capitalization of $69.57 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.54 and a beta of 1.54. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $282.22.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.13 billion. On average, research analysts expect that NXP Semiconductors will post 12.46 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.49%.

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.