NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,503,562 shares of the semiconductor provider's stock after acquiring an additional 28,558 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.99% of NXP Semiconductors worth $520,366,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NXPI. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the fourth quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $46,000. Austin Private Wealth LLC increased its holdings in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after acquiring an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock valued at $21,068,000 after acquiring an additional 2,609 shares in the last quarter. Finally, Czech National Bank raised its position in shares of NXP Semiconductors by 6.2% during the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock valued at $11,454,000 after acquiring an additional 3,216 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $0.99 during trading on Wednesday, reaching $181.63. The company had a trading volume of 954,087 shares, compared to its average volume of 2,601,528. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market capitalization of $46.06 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The firm's fifty day moving average is $194.84 and its 200 day moving average is $212.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company posted $3.24 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value 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. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NXPI. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. TD Cowen increased their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC reduced their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $252.85.

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.