NXP Semiconductors (NASDAQ:NXPI) Stake Raised by Raymond James & Associates

Raymond James & Associates boosted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 963,603 shares of the semiconductor provider's stock after acquiring an additional 44,724 shares during the quarter. Raymond James & Associates owned about 0.38% of NXP Semiconductors worth $238,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in NXP Semiconductors by 0.4% during 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 period. Vanguard Group Inc. raised its holdings in NXP Semiconductors by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider's stock worth $2,529,129,000 after buying an additional 118,562 shares during the period. Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock worth $535,747,000 after buying an additional 2,097,727 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in NXP Semiconductors by 4.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider's stock worth $440,841,000 after buying an additional 92,571 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. Truist Financial lifted their target price on NXP Semiconductors from $264.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Morgan Stanley lifted their target price 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. Finally, Stifel Nicolaus lifted their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a "hold" rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.29.

NXP Semiconductors Stock Performance

NXPI traded up $4.62 on Friday, hitting $242.70. The company had a trading volume of 2,059,388 shares, compared to its average volume of 2,041,337. The company's fifty day moving average price is $241.20 and its 200 day moving average price is $219.97. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The stock has a market cap of $62.15 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities analysts predict that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.82%.

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.

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