Van ECK Associates Corp Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Van ECK Associates Corp grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,319,509 shares of the semiconductor provider's stock after purchasing an additional 180,999 shares during the quarter. Van ECK Associates Corp owned approximately 0.51% of NXP Semiconductors worth $303,065,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NXPI. Choreo LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $273,000. Marco Investment Management LLC grew its stake in shares of NXP Semiconductors by 2.3% during the 4th quarter. Marco Investment Management LLC now owns 73,715 shares of the semiconductor provider's stock valued at $16,931,000 after buying an additional 1,637 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of NXP Semiconductors by 39.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,301 shares of the semiconductor provider's stock worth $299,000 after buying an additional 367 shares during the last quarter. Paradigm Financial Partners LLC raised its position in shares of NXP Semiconductors by 9.4% in the 4th quarter. Paradigm Financial Partners LLC now owns 12,199 shares of the semiconductor provider's stock worth $2,802,000 after buying an additional 1,049 shares during the period. Finally, Stonebrook Private Inc. acquired a new position in NXP Semiconductors in the fourth quarter valued at $709,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $4.43 during trading hours on Monday, reaching $247.13. The stock had a trading volume of 2,954,715 shares, compared to its average volume of 2,357,178. The firm has a 50-day simple moving average of $241.20 and a 200-day simple moving average of $219.97. 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 firm has a market capitalization of $63.29 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts' consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion for 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 12.21 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.64%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.91%.

Analysts Set New Price Targets

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 price target for the company in a research note on Thursday, January 18th. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. TD Cowen increased their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 12th. Finally, Barclays raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $242.29.

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.

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