NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by FIL Ltd

FIL Ltd increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,766 shares of the semiconductor provider’s stock after acquiring an additional 75,645 shares during the period. FIL Ltd owned approximately 0.27% of NXP Semiconductors worth $141,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. Norges Bank acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $672,224,000. Van ECK Associates Corp raised its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after acquiring an additional 511,553 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after acquiring an additional 500,413 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of NXP Semiconductors by 10.2% in the 4th quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider’s stock valued at $901,933,000 after purchasing an additional 402,672 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were 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. The trade was a 10.18 % decrease in their ownership of the stock. 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 insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Down 6.0 %

Shares of NXPI stock opened at $153.50 on Wednesday. The company has a market capitalization of $38.93 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. 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 business’s 50 day moving average is $207.79 and its two-hundred day moving average is $218.68. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.64%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

About NXP Semiconductors

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.