NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 106.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,979 shares of the semiconductor provider's stock after buying an additional 4,620 shares during the quarter. EFG Asset Management North America Corp.'s holdings in NXP Semiconductors were worth $2,063,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sound View Wealth Advisors Group LLC grew its holdings in shares of NXP Semiconductors by 7.9% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 3,469 shares of the semiconductor provider's stock valued at $797,000 after buying an additional 255 shares during the last quarter. Laffer Tengler Investments Inc. grew its holdings in shares of NXP Semiconductors by 6.2% during the fourth quarter. Laffer Tengler Investments Inc. now owns 24,363 shares of the semiconductor provider's stock valued at $5,596,000 after buying an additional 1,420 shares during the last quarter. ARGA Investment Management LP grew its holdings in shares of NXP Semiconductors by 18.7% during the fourth quarter. ARGA Investment Management LP now owns 831,463 shares of the semiconductor provider's stock valued at $190,970,000 after buying an additional 131,277 shares during the last quarter. CCLA Investment Management grew its holdings in shares of NXP Semiconductors by 7.9% during the fourth quarter. CCLA Investment Management now owns 557,430 shares of the semiconductor provider's stock valued at $128,082,000 after buying an additional 40,664 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at $374,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Oppenheimer upped their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Susquehanna upped their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research report on Monday. They issued a "buy" rating and a $325.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.00.

NXP Semiconductors Price Performance

NXPI stock traded down $2.39 during mid-day trading on Thursday, reaching $269.61. The company's stock had a trading volume of 1,549,954 shares, compared to its average volume of 2,332,518. The stock has a market cap of $68.93 billion, a PE ratio of 25.12, a P/E/G ratio of 0.96 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a fifty-two week low of $163.26 and a fifty-two week high of $273.37. The company's 50 day moving average is $245.16 and its two-hundred day moving average is $226.18.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.50%. NXP Semiconductors's payout ratio is 37.49%.

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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