Ameriprise Financial Inc. Has $589.62 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Ameriprise Financial Inc. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,836,756 shares of the semiconductor provider's stock after purchasing an additional 357,309 shares during the quarter. Ameriprise Financial Inc. owned about 1.12% of NXP Semiconductors worth $589,622,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NXPI. Central Bank & Trust Co. grew its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after buying an additional 48 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares during the period. Private Trust Co. NA grew its stake in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares during the last quarter. J. W. Coons Advisors LLC increased its position in NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after acquiring an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC raised its stake in NXP Semiconductors by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $3.60 on Friday, reaching $192.17. The company's stock had a trading volume of 2,682,933 shares, compared to its average volume of 2,616,881. The business's fifty day moving average price is $188.87 and its 200 day moving average price is $209.69. 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 market cap of $48.55 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm earned $3.24 EPS. The company's revenue was down 9.3% on a year-over-year basis. Equities analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction 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 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 SEC, which is available through this link. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several research reports. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a report on Monday, April 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $250.37.

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.