MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 17,345 Shares of NXP Semiconductors (NASDAQ:NXPI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394,056 shares of the semiconductor provider's stock after acquiring an additional 17,345 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.16% of NXP Semiconductors worth $81,882,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. lifted its stake in shares of 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 in the last quarter. Kettle Hill Capital Management LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $12,215,000. Fiduciary Trust Co boosted its stake 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 acquiring an additional 144 shares in the last quarter. Deutsche Bank AG boosted its position in shares of NXP Semiconductors by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,534,545 shares of the semiconductor provider's stock worth $318,955,000 after buying an additional 205,153 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of NXP Semiconductors by 9.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 115,545 shares of the semiconductor provider's stock worth $24,016,000 after acquiring an additional 9,536 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPI. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. UBS Group cut their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $246.22.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NXPI traded up $1.83 on Friday, hitting $212.56. The company's stock had a trading volume of 2,093,686 shares, compared to its average volume of 2,640,789. The company has a market capitalization 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 debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a 50 day moving average price of $188.44 and a 200 day moving average price of $209.00.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $3.24 EPS. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a $1.014 dividend. 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%.

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.