Fifth Third Bancorp Acquires 4,639 Shares of NXP Semiconductors (NASDAQ:NXPI)

Fifth Third Bancorp grew its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,101 shares of the semiconductor provider's stock after acquiring an additional 4,639 shares during the period. Fifth Third Bancorp's holdings in NXP Semiconductors were worth $8,945,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NXPI. Commonwealth Equity Services LLC increased its stake in shares of NXP Semiconductors by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider's stock worth $10,848,000 after purchasing an additional 5,471 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of NXP Semiconductors in the third quarter worth $591,000. Stratos Wealth Partners LTD. increased its stake in shares of NXP Semiconductors by 4.3% in the third quarter. Stratos Wealth Partners LTD. now owns 3,769 shares of the semiconductor provider's stock worth $754,000 after purchasing an additional 155 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of NXP Semiconductors by 9.0% in the third quarter. Independent Advisor Alliance now owns 3,941 shares of the semiconductor provider's stock worth $788,000 after purchasing an additional 325 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of NXP Semiconductors by 2.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 126,900 shares of the semiconductor provider's stock worth $25,370,000 after purchasing an additional 3,200 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Argus increased their price objective on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday. Wolfe Research raised shares of NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 target price for the company in a research note on Thursday, January 18th. Evercore ISI raised their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $257.72.

NXP Semiconductors Trading Up 1.4 %

NASDAQ NXPI traded up $3.59 during trading on Friday, hitting $257.85. The stock had a trading volume of 2,513,186 shares, compared to its average volume of 2,493,474. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The stock has a 50 day simple moving average of $242.96 and a 200 day simple moving average of $221.56. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 0.94 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly 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 37.65% and a net margin of 21.24%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts predict that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors's payout ratio is presently 37.49%.

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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