Victory Capital Management Inc. Acquires 25,794 Shares of NXP Semiconductors (NASDAQ:NXPI)

Victory Capital Management Inc. raised its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 171,977 shares of the semiconductor provider's stock after acquiring an additional 25,794 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of NXP Semiconductors worth $39,500,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider's stock valued at $118,325,000 after purchasing an additional 512,732 shares during the period. Bahl & Gaynor Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $59,273,000. Northern Trust Corp lifted its stake in shares of NXP Semiconductors by 10.9% in the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider's stock valued at $430,670,000 after purchasing an additional 211,927 shares during the period. Toronto Dominion Bank acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $41,270,000. Finally, Van ECK Associates Corp raised its position in NXP Semiconductors by 15.9% during the fourth quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider's stock worth $303,065,000 after acquiring an additional 180,999 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. TD Cowen lifted their target price 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. UBS Group lifted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Needham & Company LLC lifted their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Mizuho lifted their price target on shares of NXP Semiconductors from $225.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Finally, Truist Financial boosted their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. One 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $257.72.

NXP Semiconductors Stock Performance

NXPI stock traded down $0.98 during trading on Tuesday, hitting $258.65. 1,603,208 shares of the company's stock traded hands, compared to its average volume of 2,389,858. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The stock has a fifty day moving average price of $243.53 and a two-hundred day moving average price of $222.94. The stock has a market capitalization of $66.13 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

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 business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, equities analysts anticipate that NXP Semiconductors will post 12.41 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

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.