DekaBank Deutsche Girozentrale Purchases 9,780 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

DekaBank Deutsche Girozentrale boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,581 shares of the semiconductor provider's stock after buying an additional 9,780 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in NXP Semiconductors were worth $22,644,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.8% during 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 buying an additional 144,391 shares during the period. Geode Capital Management LLC raised its holdings in shares of NXP Semiconductors by 1.9% during the 4th 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. raised its holdings in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NXPI shares. UBS Group raised their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. TD Cowen raised their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Citigroup raised their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, KeyCorp lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $251.63.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $3.39 during trading on Friday, reaching $229.80. 731,936 shares of the company traded hands, compared to its average volume of 3,035,387. The company has a market cap of $58.05 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.87 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The stock's 50 day moving average price is $209.19 and its two-hundred day moving average price is $205.48.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

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.