Asset Dedication LLC Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Asset Dedication LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 126.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358 shares of the semiconductor provider’s stock after purchasing an additional 200 shares during the period. Asset Dedication LLC’s holdings in NXP Semiconductors were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NXPI. Algert Global LLC acquired a new stake in NXP Semiconductors during the second quarter worth approximately $331,000. NewEdge Advisors LLC lifted its stake in shares of NXP Semiconductors by 50.7% during the 2nd quarter. NewEdge Advisors LLC now owns 9,560 shares of the semiconductor provider’s stock worth $2,572,000 after purchasing an additional 3,216 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of NXP Semiconductors by 24.5% during the second quarter. Clearbridge Investments LLC now owns 27,357 shares of the semiconductor provider’s stock worth $7,361,000 after purchasing an additional 5,386 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at $7,142,000. Finally, Centaurus Financial Inc. acquired a new position in NXP Semiconductors in the second quarter valued at $158,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer lowered their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $211.39 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm’s fifty day moving average price is $216.41 and its 200 day moving average price is $232.74. The company has a market capitalization of $53.73 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 EPS. On average, research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

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.