NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,377 shares of the semiconductor provider's stock after buying an additional 1,724 shares during the period. Fifth Third Bancorp's holdings in NXP Semiconductors were worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Aveo Capital Partners LLC lifted its holdings in shares of NXP Semiconductors by 109.4% in the 4th quarter. Aveo Capital Partners LLC now owns 3,233 shares of the semiconductor provider's stock worth $672,000 after acquiring an additional 1,689 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of NXP Semiconductors by 0.3% in the 4th quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider's stock worth $108,825,000 after acquiring an additional 1,581 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of NXP Semiconductors by 8.7% in the 4th quarter. Principal Securities Inc. now owns 4,179 shares of the semiconductor provider's stock worth $869,000 after acquiring an additional 334 shares during the last quarter. Finally, Motco lifted its holdings in shares of NXP Semiconductors by 2.6% in the 4th quarter. Motco now owns 27,673 shares of the semiconductor provider's stock worth $5,752,000 after acquiring an additional 711 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Evercore ISI upped their price target on NXP Semiconductors from $237.00 to $289.00 and gave the stock an "outperform" rating in a research report on Thursday. TD Cowen upped their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. 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 data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $244.78.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $6.50 during mid-day trading on Friday, hitting $210.90. 1,839,860 shares of the stock were exchanged, compared to its average volume of 2,729,182. The firm has a fifty day moving average of $192.58 and a 200 day moving average of $205.18. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a market cap of $53.28 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company 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 19.90% and a return on equity of 31.45%. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. Research analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.12%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

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.