NXP Semiconductors (NASDAQ:NXPI) is Van Lanschot Kempen Investment Management N.V.’s 7th Largest Position

Van Lanschot Kempen Investment Management N.V. boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195,851 shares of the semiconductor provider’s stock after purchasing an additional 195,200 shares during the quarter. NXP Semiconductors comprises approximately 2.5% of Van Lanschot Kempen Investment Management N.V.’s holdings, making the stock its 7th largest holding. Van Lanschot Kempen Investment Management N.V.’s holdings in NXP Semiconductors were worth $248,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Finally, Brooklyn Investment Group boosted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NXPI shares. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $261.50.

NXP Semiconductors Trading Up 1.3 %

NXPI stock opened at $170.74 on Monday. The company has a market capitalization of $43.30 billion, a PE ratio of 17.55, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm’s 50-day moving average is $201.13 and its 200 day moving average is $214.70.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

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.