Sumitomo Mitsui Trust Group Inc. Has $174.68 Million Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,065 shares of the semiconductor provider's stock after acquiring an additional 2,388 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.36% of NXP Semiconductors worth $174,677,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA lifted its stake in NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares in the last quarter. Keel Point LLC lifted its stake in NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after acquiring an additional 64 shares in the last quarter. MV Capital Management Inc. lifted its stake in NXP Semiconductors by 10.4% in the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock valued at $145,000 after acquiring an additional 66 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider's stock valued at $779,000 after acquiring an additional 68 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.6%

NXPI stock opened at $217.04 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $54.83 billion, a PE ratio of 23.64, a PEG ratio of 2.71 and a beta of 1.39. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The business's 50 day simple moving average is $201.21 and its 200 day simple moving average is $204.52.

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 for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The business 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 revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.24 EPS. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is presently 44.23%.

Analyst Ratings Changes

NXPI has been the topic of several research reports. Evercore ISI restated an "outperform" rating and issued a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Wells Fargo & Company boosted their target price on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus lowered 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. Finally, Citigroup lowered their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.78.

NXP Semiconductors Company 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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.