State of Tennessee Treasury Department Acquires 10,038 Shares of NXP Semiconductors (NASDAQ:NXPI) – MarketBeat
State of Tennessee Treasury Department increased its holdings in NXP Semiconductors (NASDAQ:NXPI – Free Report) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,360 shares of the semiconductor provider’s stock after buying an additional 10,038 shares during the period. State of Tennessee Treasury Department’s holdings in NXP Semiconductors were worth $21,443,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NXPI. Assenagon Asset Management S.A. boosted its holdings in NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of NXP Semiconductors by 29.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after buying an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares during the period. Principal Financial Group Inc. raised its position in NXP Semiconductors by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after purchasing an additional 3,262 shares during the period. Finally, Handelsbanken Fonder AB raised its position in NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after purchasing an additional 34,131 shares during the period. 90.54% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on NXPI. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Cantor Fitzgerald lifted their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.
Get Our Latest Stock Report on NXP Semiconductors
NXP Semiconductors Trading Up 1.8 %
NASDAQ NXPI opened at $276.85 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The company has a market capitalization of $70.79 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.54 and a beta of 1.50. The company’s 50-day simple moving average is $255.06 and its two-hundred day simple moving average is $237.23. NXP Semiconductors has a one year low of $167.21 and a one year high of $282.22.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Equities analysts forecast that NXP Semiconductors will post 12.47 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.
About NXP Semiconductors
(Free Report)
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.
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