NXP Semiconductors N.V. $NXPI Stake Increased by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. increased its stake in NXP by 1.6% to 7,849,741 shares, representing about 3.12% of the company and valued at roughly $1.704 billion.
• NXP reported quarterly EPS of $3.35 (beating the $3.31 consensus) and revenue of $3.34 billion, up 7.2% year-over-year, with a market cap near $51.6 billion.
• The company declared a quarterly dividend of $1.014 (annualized $4.06) for a ~2.0% yield, and analysts hold a "Moderate Buy" consensus with an average price target of $253.67.

Massachusetts Financial Services Co. MA increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,849,741 shares of the semiconductor provider's stock after buying an additional 121,419 shares during the period. Massachusetts Financial Services Co. MA owned about 3.12% of NXP Semiconductors worth $1,703,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NXPI. Bourgeon Capital Management LLC acquired a new position in NXP Semiconductors in the third quarter worth $1,310,000. Oliver Luxxe Assets LLC acquired a new position in NXP Semiconductors in the third quarter worth $6,096,000. Deprince Race & Zollo Inc. boosted its holdings in NXP Semiconductors by 8.1% in the third quarter. Deprince Race & Zollo Inc. now owns 149,789 shares of the semiconductor provider's stock worth $34,111,000 after purchasing an additional 11,254 shares during the period. ING Groep NV boosted its holdings in NXP Semiconductors by 27.5% in the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider's stock worth $23,877,000 after purchasing an additional 22,631 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in NXP Semiconductors by 23.1% in the second quarter. Osaic Holdings Inc. now owns 70,387 shares of the semiconductor provider's stock worth $15,022,000 after purchasing an additional 13,209 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares of the company's stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $204.37 on Friday. NXP Semiconductors N.V. has a 1 year low of $158.66 and a 1 year high of $256.36. The company has a market cap of $51.64 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The firm has a fifty day moving average of $213.02 and a 200-day moving average of $217.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the previous year, the company posted $3.18 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. NXP Semiconductors's payout ratio is 51.13%.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $245.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. TD Cowen decreased their price objective on shares of NXP Semiconductors from $285.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, February 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Evercore reduced their price target on shares of NXP Semiconductors from $292.00 to $260.00 and set an "outperform" rating for the company in a report on Wednesday, February 4th. Finally, KeyCorp boosted their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $253.67.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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