NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,851 shares of the semiconductor provider's stock after acquiring an additional 5,293 shares during the period. Asset Management One Co. Ltd.'s holdings in NXP Semiconductors were worth $19,738,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smithfield Trust Co acquired a new position in NXP Semiconductors during the 4th quarter worth $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth $32,000. Ameriflex Group Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth $44,000. GoalVest Advisory LLC lifted its position in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after buying an additional 227 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of NXP Semiconductors by 377.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after buying an additional 325 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.0%

NXPI stock opened at $216.28 on Thursday. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a market capitalization of $54.64 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.39. The firm's 50-day moving average is $199.33 and its two-hundred day moving average is $204.66. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NXPI shares. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research report on Monday, April 21st. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Finally, Stifel Nicolaus reduced their price target 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. Four research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.

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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