DekaBank Deutsche Girozentrale Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

DekaBank Deutsche Girozentrale raised its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,608 shares of the semiconductor provider's stock after acquiring an additional 4,968 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of NXP Semiconductors worth $33,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $326,580,000. Moneta Group Investment Advisors LLC bought a new position in NXP Semiconductors in the fourth quarter valued at approximately $267,123,000. Price T Rowe Associates Inc. MD increased its position in shares of NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider's stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Barclays PLC raised its stake in shares of NXP Semiconductors by 94.6% during the 2nd quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider's stock worth $234,116,000 after purchasing an additional 556,178 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $98,687,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $1.84 during midday trading on Friday, reaching $241.01. The company's stock had a trading volume of 1,574,452 shares, compared to its average volume of 2,162,249. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The stock has a market cap of $61.81 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The business has a 50-day moving average price of $238.59 and a 200-day moving average price of $216.27.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. On average, sell-side analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.68%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.91%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Barclays upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Morgan Stanley increased their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a "hold" rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average target price of $238.75.

About NXP Semiconductors

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.