Azzad Asset Management Inc. ADV Grows Stock Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Azzad Asset Management increased its stake in NXP Semiconductors (NXPI) by 53.6% to 15,386 shares (worth $3.34M), while institutional investors collectively own 90.54% of the company.
• NXP beat Q4 estimates (EPS $3.35 vs. $3.31; revenue $3.34B, +7.2% YoY) and carries a MarketBeat consensus rating of Moderate Buy with a consensus price target of $253.67.
• NXP declared a quarterly dividend of $1.014 (annualized $4.06), implying a 2.1% yield; the ex-dividend date is March 25 and the payment date is April 9.

Azzad Asset Management Inc. ADV raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 53.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,386 shares of the semiconductor provider's stock after acquiring an additional 5,366 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in NXP Semiconductors were worth $3,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NXPI. Wellington Management Group LLP boosted its stake in shares of NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider's stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. State Street Corp boosted its stake in shares of NXP Semiconductors by 0.5% during the 3rd quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider's stock valued at $2,512,283,000 after purchasing an additional 53,261 shares in the last quarter. Invesco Ltd. boosted its stake in shares of NXP Semiconductors by 3.2% during the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider's stock valued at $1,083,013,000 after purchasing an additional 147,192 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 2.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,832,309 shares of the semiconductor provider's stock valued at $872,731,000 after purchasing an additional 96,427 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of NXP Semiconductors by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider's stock valued at $779,330,000 after purchasing an additional 162,553 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company's stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

NXP Semiconductors Trading Up 1.3%

NASDAQ:NXPI opened at $197.08 on Tuesday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. The company's 50-day simple moving average is $215.41 and its 200 day simple moving average is $217.91. The firm has a market capitalization of $49.80 billion, a P/E ratio of 24.82, a PEG ratio of 0.87 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the firm posted $3.18 earnings per share. NXP Semiconductors's quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 2.1%. NXP Semiconductors's payout ratio is presently 51.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NXPI shares. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Bank of America cut their target price on shares of NXP Semiconductors from $265.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. TD Cowen cut their target price on shares of NXP Semiconductors from $285.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. KeyCorp lifted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $245.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus target price of $253.67.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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