Royal London Asset Management Ltd. Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Royal London Asset Management Ltd. lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 88.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 196,822 shares of the semiconductor provider's stock after purchasing an additional 92,625 shares during the period. Royal London Asset Management Ltd. owned about 0.08% of NXP Semiconductors worth $40,909,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NXPI. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% during the fourth 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 in the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter worth $32,000. FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter valued at $33,000. Finally, Brooklyn Investment Group increased its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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NXP Semiconductors Stock Up 0.1 %

Shares of NASDAQ:NXPI traded up $0.21 during trading on Tuesday, reaching $211.33. 1,662,349 shares of the stock traded hands, compared to its average volume of 2,287,834. The stock has a market cap of $53.60 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a 50-day moving average of $215.54 and a two-hundred day moving average of $222.68. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Analysts Set New Price Targets

NXPI has been the subject of several research analyst reports. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

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.