Prudential PLC Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Prudential PLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,134 shares of the semiconductor provider's stock after buying an additional 9,601 shares during the quarter. Prudential PLC's holdings in NXP Semiconductors were worth $19,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after buying an additional 99,667 shares during the period. State Street Corp raised its position in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 valued at $1,672,409,000 after purchasing an additional 144,391 shares during the period. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after purchasing an additional 269,656 shares during the period. Institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Stock Up 2.4 %

NASDAQ NXPI traded up $3.70 during midday trading on Wednesday, hitting $157.20. 1,579,756 shares of the company traded hands, compared to its average volume of 2,504,789. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company's 50-day simple moving average is $207.79 and its 200-day simple moving average is $218.68. The company has a market cap of $39.87 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NXPI shares. Needham & Company LLC cut their price objective 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. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade 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 at the SEC website. Insiders own 0.11% of the company's stock.

NXP Semiconductors Company 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.