Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 966,132 shares of the semiconductor provider's stock after acquiring an additional 1,969 shares during the quarter. NXP Semiconductors comprises 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 21st biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.38% of NXP Semiconductors worth $174,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. Norges Bank acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $672,224,000. Voloridge Investment Management LLC raised its position in NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after buying an additional 582,317 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock worth $110,969,000 after acquiring an additional 581,688 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after acquiring an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NXP Semiconductors by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after acquiring an additional 414,932 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on NXPI shares. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research report on Monday, April 21st. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Evercore ISI restated an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company raised their target price on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Stock Up 0.9%

NXPI stock opened at $218.30 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The company's 50 day simple moving average is $200.28 and its 200-day simple moving average is $204.63. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market capitalization of $55.15 billion, a PE ratio of 23.78, a P/E/G ratio of 2.70 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. 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 company earned $3.24 EPS. NXP Semiconductors's revenue was down 9.3% on a year-over-year basis. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.23%.

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.

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