Todd Asset Management LLC Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Todd Asset Management LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,901 shares of the semiconductor provider's stock after selling 4,530 shares during the period. NXP Semiconductors makes up approximately 1.0% of Todd Asset Management LLC's investment portfolio, making the stock its 18th biggest position. Todd Asset Management LLC owned 0.08% of NXP Semiconductors worth $46,143,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 46.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider's stock valued at $20,510,000 after acquiring an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in NXP Semiconductors by 29.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider's stock worth $28,846,000 after purchasing an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider's stock valued at $1,100,000 after buying an additional 1,019 shares during the period. Handelsbanken Fonder AB grew its stake in shares of NXP Semiconductors by 33.4% during the fourth quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider's stock valued at $31,320,000 after buying an additional 34,131 shares during the last quarter. Finally, Heritage Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $845,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 1.4 %

Shares of NXPI stock traded up $3.59 during trading hours on Friday, reaching $257.85. 2,513,186 shares of the company's stock were exchanged, compared to its average volume of 2,493,474. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The stock's 50 day moving average is $242.96 and its 200-day moving average is $221.92. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. The company has a market cap of $65.93 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 0.95 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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 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. Analysts predict that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NXPI shares. TD Cowen boosted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, March 12th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an "outperform" rating in a research report 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 on the stock in a research report on Thursday, January 18th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.72.

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.