By otakuyassine3@gmail.com 
abrdn plc boosted its stake in NXP Semiconductors (NASDAQ:NXPI – Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 558,482 shares of the semiconductor provider’s stock after buying an additional 20,031 shares during the quarter. abrdn plc’s holdings in NXP Semiconductors were worth $116,122,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. GDS Wealth Management grew its stake in NXP Semiconductors by 6.4% in the 4th quarter. GDS Wealth Management now owns 59,308 shares of the semiconductor provider’s stock valued at $12,327,000 after buying an additional 3,568 shares during the last quarter. JB Capital LLC grew its position in NXP Semiconductors by 6.2% in the 4th quarter. JB Capital LLC now owns 58,393 shares of the semiconductor provider’s stock worth $12,137,000 after purchasing an additional 3,419 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 6.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,282 shares of the semiconductor provider’s stock valued at $682,000 after acquiring an additional 212 shares in the last quarter. Greenleaf Trust boosted its position in shares of NXP Semiconductors by 3.6% during the 4th quarter. Greenleaf Trust now owns 3,320 shares of the semiconductor provider’s stock valued at $690,000 after acquiring an additional 114 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of NXP Semiconductors by 30.1% during the 4th quarter. Golden State Equity Partners now owns 1,643 shares of the semiconductor provider’s stock valued at $342,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Analyst Ratings Changes
NXPI has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.
Get Our Latest Stock Report on NXP Semiconductors
NXP Semiconductors Stock Down 1.8 %
Shares of NASDAQ NXPI opened at $204.73 on Tuesday. The stock has a market cap of $52.03 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.14 and a beta of 1.46. The firm has a 50 day moving average price of $215.79 and a 200 day moving average price of $231.35. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 earnings per share. Analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.
NXP Semiconductors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.
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.
Read More
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NXP Semiconductors and related companies with MarketBeat.com’s FREE daily email newsletter.