NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,454 shares of the semiconductor provider's stock after purchasing an additional 2,433 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in NXP Semiconductors were worth $5,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $320,000. Dynamic Advisor Solutions LLC boosted its position in shares of NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after purchasing an additional 698 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after purchasing an additional 1,231 shares during the period. BDF Gestion purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at about $1,152,000. Finally, GAMMA Investing LLC lifted its stake in shares of NXP Semiconductors by 41.2% in the first quarter. GAMMA Investing LLC now owns 3,072 shares of the semiconductor provider's stock valued at $584,000 after purchasing an additional 896 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock opened at $231.15 on Thursday. The stock has a market capitalization of $58.40 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08. The stock's fifty day simple moving average is $204.09 and its 200-day simple moving average is $204.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the company earned $3.24 EPS. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current 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 given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.23%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NXPI shares. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. UBS Group upped their price target on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday. Needham & Company LLC reduced their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Evercore ISI reiterated an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Finally, TD Cowen raised their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors 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.

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