Homestead Advisers Corp Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Homestead Advisers Corp increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 370,603 shares of the semiconductor provider’s stock after purchasing an additional 13,900 shares during the period. NXP Semiconductors accounts for 1.9% of Homestead Advisers Corp’s holdings, making the stock its 23rd biggest holding. Homestead Advisers Corp owned about 0.15% of NXP Semiconductors worth $77,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $46,000. Austin Private Wealth LLC lifted its holdings in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after purchasing an additional 2,609 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Needham & Company LLC decreased their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $205.75 on Thursday. NXP Semiconductors has a 1 year low of $196.95 and a 1 year 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 company’s 50 day simple moving average is $215.40 and its 200-day simple moving average is $222.45. The company has a market capitalization of $52.18 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.