Lazard Asset Management LLC Trims Holdings in NXP Semiconductors (NASDAQ:NXPI)

Lazard Asset Management LLC trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 505,192 shares of the semiconductor provider's stock after selling 7,917 shares during the period. Lazard Asset Management LLC owned 0.20% of NXP Semiconductors worth $105,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Jefferies Financial Group Inc. grew its position in NXP Semiconductors by 26,011.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 4,700 shares of the semiconductor provider's stock worth $977,000 after acquiring an additional 4,682 shares during the period. Kettle Hill Capital Management LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $12,215,000. Fiduciary Trust Co grew its holdings in shares of NXP Semiconductors by 3.1% during the 4th quarter. Fiduciary Trust Co now owns 4,731 shares of the semiconductor provider's stock worth $983,000 after purchasing an additional 144 shares during the period. Deutsche Bank AG increased its position in shares of NXP Semiconductors by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,534,545 shares of the semiconductor provider's stock worth $318,955,000 after purchasing an additional 205,153 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in NXP Semiconductors by 9.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 115,545 shares of the semiconductor provider's stock valued at $24,016,000 after buying an additional 9,536 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 0.9%

NASDAQ:NXPI traded up $1.83 on Friday, hitting $212.56. 2,093,686 shares of the stock were exchanged, compared to its average volume of 2,636,443. The stock has a fifty day moving average of $188.44 and a 200-day moving average of $209.00. The stock has a market cap of $53.70 billion, a PE ratio of 21.85, a PEG ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its 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. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the business earned $3.24 EPS. The company's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts expect that NXP Semiconductors 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 was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. Finally, TD Cowen lifted their target price 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $246.22.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company 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.