Nuveen Asset Management LLC Buys 38,138 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nuveen Asset Management LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,166,727 shares of the semiconductor provider's stock after purchasing an additional 38,138 shares during the quarter. Nuveen Asset Management LLC owned about 0.46% of NXP Semiconductors worth $242,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Vanguard Group Inc. raised its stake in NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in NXP Semiconductors by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after acquiring an additional 144,391 shares in the last quarter. Geode Capital Management LLC grew its stake in NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after buying an additional 269,656 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NXPI. Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Mizuho boosted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $2.20 during trading on Monday, reaching $210.36. 2,108,791 shares of the company's stock traded hands, compared to its average volume of 2,643,844. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a market capitalization of $53.14 billion, a P/E ratio of 21.62, a PEG ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm's 50-day moving average is $188.58 and its 200 day moving average is $208.27.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company posted $3.24 EPS. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

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.