Van ECK Associates Corp Has $803.43 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Van ECK Associates Corp lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,865,446 shares of the semiconductor provider’s stock after acquiring an additional 824,317 shares during the quarter. NXP Semiconductors makes up approximately 1.0% of Van ECK Associates Corp’s holdings, making the stock its 20th largest holding. Van ECK Associates Corp owned about 1.52% of NXP Semiconductors worth $803,432,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NXPI. GDS Wealth Management boosted its stake in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth about $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors during the 4th quarter worth about $360,000. Banque Cantonale Vaudoise increased its position in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC raised its stake in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NXPI. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer decreased their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. UBS Group cut their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.45.

NXP Semiconductors Stock Up 4.2 %

Shares of NASDAQ NXPI opened at $219.79 on Thursday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market cap of $55.86 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.64 and a beta of 1.46. The firm has a 50 day moving average price of $213.08 and a 200 day moving average price of $228.68.

NXP Semiconductors Announces Dividend

The company 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 1.85%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.73%.

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.