ProShare Advisors LLC Acquires 53,937 Shares of NXP Semiconductors (NASDAQ:NXPI)

ProShare Advisors LLC lifted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,227 shares of the semiconductor provider's stock after acquiring an additional 53,937 shares during the period. ProShare Advisors LLC owned approximately 0.15% of NXP Semiconductors worth $77,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. Sound Income Strategies LLC raised its stake in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after buying an additional 88 shares during the period. Smithfield Trust Co bought a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $32,000. Brooklyn Investment Group lifted its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at $46,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Down 1.0%

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

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 44.12%.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company'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 owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NXPI shares. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, UBS Group decreased their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

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.