Mirae Asset Global Investments Co. Ltd. Acquires 33,697 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,805 shares of the semiconductor provider's stock after purchasing an additional 33,697 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of NXP Semiconductors worth $66,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NXPI. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $672,224,000. Voloridge Investment Management LLC boosted its position in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after purchasing an additional 581,688 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of NXP Semiconductors by 36.5% during 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 purchasing an additional 414,932 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC dropped their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Citigroup dropped their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a report on Monday, April 21st. Finally, UBS Group dropped their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.

NXP Semiconductors Trading Down 0.6%

Shares of NASDAQ:NXPI opened at $217.04 on Friday. The company has a market cap of $54.83 billion, a P/E ratio of 23.64, a PEG ratio of 2.72 and a beta of 1.39. 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 1 year low of $148.09 and a 1 year high of $296.08. The stock's fifty day moving average price is $201.21 and its 200-day moving average price is $204.62.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted 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 analysts' expectations 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 for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.24 earnings per share. Sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 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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