Allspring Global Investments Holdings LLC Acquires 38,195 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Allspring Global Investments Holdings LLC lifted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,613 shares of the semiconductor provider's stock after buying an additional 38,195 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of NXP Semiconductors worth $43,246,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $32,000. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at $32,000. Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the 4th quarter worth $44,000. GoalVest Advisory LLC increased its holdings in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in NXP Semiconductors by 377.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after purchasing an additional 325 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Stifel Nicolaus reduced their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. UBS Group boosted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Trading Up 0.7%

Shares of NASDAQ:NXPI traded up $1.59 during mid-day trading on Thursday, hitting $232.74. The company had a trading volume of 1,298,840 shares, compared to its average volume of 2,746,970. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08. The firm has a fifty day moving average price of $204.09 and a 200 day moving average price of $204.74. The company has a market capitalization of $58.80 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.24 earnings per share. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. NXP Semiconductors's dividend payout ratio is 44.23%.

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.