Van ECK Associates Corp Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Van ECK Associates Corp lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 27.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,865,446 shares of the semiconductor provider's stock after purchasing an additional 824,317 shares during the period. NXP Semiconductors accounts for approximately 1.0% of Van ECK Associates Corp's holdings, making the stock its 20th largest position. Van ECK Associates Corp owned about 1.52% of NXP Semiconductors worth $803,432,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NXPI. GDS Wealth Management boosted its holdings in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock valued at $13,378,000 after purchasing an additional 3,985 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at $13,445,000. Merit Financial Group LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth about $360,000. Banque Cantonale Vaudoise lifted its stake in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock valued at $6,204,000 after buying an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC lifted its stake in NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after buying an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Up 2.1 %

NXPI traded up $4.55 during mid-day trading on Friday, reaching $224.14. 3,085,358 shares of the stock were exchanged, compared to its average volume of 2,691,124. The stock has a market capitalization of $56.97 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. 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 company has a 50 day moving average price of $213.16 and a two-hundred day moving average price of $228.18.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus cut their price target 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. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $231.00 to $257.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $264.45.

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.