NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1,509.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,639 shares of the semiconductor provider's stock after acquiring an additional 55,934 shares during the period. Sequoia Financial Advisors LLC's holdings in NXP Semiconductors were worth $13,698,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of NXP Semiconductors by 0.4% in the 3rd 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 during the last quarter. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.0% in the 1st 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 during the last quarter. State Street Corp grew its stake in shares of NXP Semiconductors by 2.4% in the 1st quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider's stock worth $1,876,564,000 after buying an additional 232,704 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NXP Semiconductors by 2.2% in the 1st 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NXPI. Wolfe Research upgraded NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 target price on the stock in a research note on Thursday, January 18th. Truist Financial raised their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. TD Cowen raised their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an "outperform" rating in a report on Tuesday, March 12th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. Finally, Mizuho raised their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $239.58.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded down $10.75 during trading on Wednesday, reaching $241.08. 2,028,201 shares of the stock traded hands, compared to its average volume of 2,328,250. The company has a market capitalization of $61.83 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 0.92 and a beta of 1.59. The business has a fifty day simple moving average of $240.48 and a two-hundred day simple moving average of $217.18. 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 has a 52-week low of $155.31 and a 52-week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. The company 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%. Sell-side analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.68%. NXP Semiconductors's dividend payout ratio is currently 37.91%.

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.