Asset Management One Co. Ltd. Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Asset Management One Co. Ltd. raised its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,558 shares of the semiconductor provider's stock after buying an additional 2,609 shares during the period. Asset Management One Co. Ltd.'s holdings in NXP Semiconductors were worth $21,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Global Retirement Partners LLC raised its position in NXP Semiconductors by 5.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,083 shares of the semiconductor provider's stock worth $500,000 after purchasing an additional 116 shares during the last quarter. Trust Co. of Vermont raised its position in shares of NXP Semiconductors by 14.9% during the third quarter. Trust Co. of Vermont now owns 2,929 shares of the semiconductor provider's stock worth $703,000 after acquiring an additional 380 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in NXP Semiconductors by 8.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,525 shares of the semiconductor provider's stock valued at $6,606,000 after acquiring an additional 2,248 shares during the last quarter. Net Worth Advisory Group acquired a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $605,000. Finally, Blue Trust Inc. raised its holdings in NXP Semiconductors by 14.3% during the 3rd quarter. Blue Trust Inc. now owns 2,881 shares of the semiconductor provider's stock worth $691,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $16.72 during trading on Wednesday, hitting $245.58. The company's stock had a trading volume of 5,331,528 shares, compared to its average volume of 2,773,052. The business has a fifty day moving average of $213.39 and a 200-day moving average of $227.73. The company has a market cap of $62.42 billion, a PE ratio of 25.24, a P/E/G ratio of 2.75 and a beta of 1.46. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's dividend payout ratio is presently 41.73%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Truist Financial raised their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price objective for the company. Finally, Citigroup upgraded NXP Semiconductors from a "sell" rating to a "neutral" rating and increased their target price for the stock from $200.00 to $210.00 in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $264.75.

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.