Congress Asset Management Co. MA Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Congress Asset Management Co. MA raised its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,420 shares of the semiconductor provider's stock after buying an additional 4,074 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.20% of NXP Semiconductors worth $117,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $26,000. FinTrust Capital Advisors LLC grew its holdings in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock worth $26,000 after purchasing an additional 49 shares during the period. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock worth $31,000 after purchasing an additional 68 shares during the period. Atticus Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider's stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Avalon Trust Co purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NXPI shares. Truist Financial boosted their price target on NXP Semiconductors from $265.00 to $291.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Oppenheimer upped their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Finally, Argus upped their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $267.80.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $6.62 on Friday, hitting $268.85. The company's stock had a trading volume of 1,680,348 shares, compared to its average volume of 1,528,429. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87. The company has a market capitalization of $68.74 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.57 and a beta of 1.50. The stock's 50-day moving average is $257.87 and its two-hundred day moving average is $239.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities research analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.51%. NXP Semiconductors's dividend payout ratio (DPR) is 37.40%.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the company's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company's stock, valued at $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

About NXP Semiconductors

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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