UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $555.25 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,671,388 shares of the semiconductor provider's stock after purchasing an additional 377,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.05% of NXP Semiconductors worth $555,248,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after buying an additional 86,716 shares during the last quarter. Vanguard Group Inc. raised its position in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares during the last quarter. Geode Capital Management LLC raised its position in NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after buying an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after buying an additional 269,656 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Wall Street Zen lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. 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. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Performance

NXPI traded down $4.36 during trading on Friday, hitting $192.15. The stock had a trading volume of 3,674,138 shares, compared to its average volume of 2,669,592. The company has a 50 day moving average price of $188.29 and a 200-day moving average price of $207.56. The firm has a market cap of $48.54 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.24 EPS. As a group, research analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.11%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.