Assenagon Asset Management S.A. Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Assenagon Asset Management S.A. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,297 shares of the semiconductor provider's stock after acquiring an additional 28,518 shares during the quarter. Assenagon Asset Management S.A.'s holdings in NXP Semiconductors were worth $20,510,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in NXP Semiconductors by 0.4% in the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider's stock worth $5,153,900,000 after buying an additional 91,453 shares in the last quarter. BlackRock Inc. increased its position in NXP Semiconductors by 5.6% in the second quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider's stock worth $3,757,361,000 after buying an additional 966,022 shares in the last quarter. Vanguard Group Inc. increased its position in NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider's stock worth $1,997,635,000 after buying an additional 210,979 shares in the last quarter. State Street Corp increased its position in NXP Semiconductors by 1.8% in the second quarter. State Street Corp now owns 10,194,157 shares of the semiconductor provider's stock worth $2,096,655,000 after buying an additional 182,173 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in NXP Semiconductors by 2.2% in the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider's stock worth $857,868,000 after buying an additional 98,570 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Insider Activity

In other news, EVP Jennifer Wuamett sold 2,120 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the completion of the sale, the executive vice president now directly owns 38,229 shares of the company's stock, valued at approximately $8,687,922.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

NXP Semiconductors Trading Up 0.9 %

Shares of NASDAQ:NXPI traded up $2.33 during trading on Thursday, hitting $247.77. The company had a trading volume of 1,731,401 shares, compared to its average volume of 2,413,966. The stock has a market cap of $63.54 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.90 and a beta of 1.60. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a fifty day simple moving average of $235.04 and a two-hundred day simple moving average of $213.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 20th. NXP Semiconductors's payout ratio is 37.91%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com upgraded NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Thursday. Susquehanna increased their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. Truist Financial increased their target price on NXP Semiconductors from $264.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, March 4th. Finally, Oppenheimer increased their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.75.

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.