Invesco Ltd. Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Invesco Ltd. lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,339,344 shares of the semiconductor provider's stock after buying an additional 402,672 shares during the period. Invesco Ltd. owned approximately 1.71% of NXP Semiconductors worth $901,933,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after purchasing an additional 144,391 shares in the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after purchasing an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Price Performance

NXPI stock traded up $3.20 during mid-day trading on Friday, reaching $168.79. 5,169,391 shares of the company's stock were exchanged, compared to its average volume of 2,567,082. 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 stock's 50 day moving average is $205.37 and its 200 day moving average is $217.03. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.40%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXPI. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. 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. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Needham & Company LLC cut their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $263.50.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction 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. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.