M&G Investment Management Ltd. Grows Position in NXP Semiconductors (NASDAQ:NXPI)

M&G Investment Management Ltd. lifted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,989 shares of the semiconductor provider's stock after buying an additional 6,268 shares during the quarter. M&G Investment Management Ltd. owned about 0.11% of NXP Semiconductors worth $62,327,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. RBA Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 3.3% in the fourth quarter. RBA Wealth Management LLC now owns 11,347 shares of the semiconductor provider's stock valued at $2,606,000 after buying an additional 361 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of NXP Semiconductors by 15.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,071 shares of the semiconductor provider's stock valued at $2,083,000 after purchasing an additional 1,181 shares during the period. Checchi Capital Advisers LLC lifted its stake in NXP Semiconductors by 7.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,465 shares of the semiconductor provider's stock valued at $566,000 after acquiring an additional 164 shares in the last quarter. Ieq Capital LLC lifted its stake in NXP Semiconductors by 6.6% in the 4th quarter. Ieq Capital LLC now owns 4,850 shares of the semiconductor provider's stock valued at $1,114,000 after acquiring an additional 302 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider's stock valued at $75,827,000 after acquiring an additional 3,262 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 1.6 %

NXP Semiconductors stock traded up $4.34 during trading hours on Wednesday, hitting $272.00. The stock had a trading volume of 2,231,244 shares, compared to its average volume of 2,340,840. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The stock has a market cap of $69.54 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 0.96 and a beta of 1.54. NXP Semiconductors has a one year low of $163.26 and a one year high of $272.29. The business's 50 day simple moving average is $244.74 and its 200-day simple moving average is $225.86.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.49%. NXP Semiconductors's dividend payout ratio is presently 37.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $240.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Barclays raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Needham & Company LLC upped their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Susquehanna upped their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, Cantor Fitzgerald upped their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $263.00.

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.