NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,715 shares of the semiconductor provider’s stock after purchasing an additional 1,637 shares during the quarter. NXP Semiconductors comprises about 1.7% of Marco Investment Management LLC’s holdings, making the stock its 17th largest holding. Marco Investment Management LLC’s holdings in NXP Semiconductors were worth $16,931,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMPACTfolio LLC increased its stake in NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after acquiring an additional 49 shares during the last quarter. Financial Management Professionals Inc. increased its stake in NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after acquiring an additional 50 shares during the last quarter. Carret Asset Management LLC increased its stake in NXP Semiconductors by 2.2% during the fourth quarter. Carret Asset Management LLC now owns 2,330 shares of the semiconductor provider’s stock worth $535,000 after acquiring an additional 50 shares during the last quarter. Windsor Capital Management LLC grew its stake in shares of NXP Semiconductors by 1.8% in the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after buying an additional 55 shares in the last quarter. Finally, Central Bank & Trust Co. grew its stake in shares of NXP Semiconductors by 1.2% in the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NXPI. Stifel Nicolaus lifted their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Truist Financial lifted their target price on NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Cantor Fitzgerald lifted their target price on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $4.62 on Friday, hitting $242.70. 2,059,388 shares of the company’s stock were exchanged, compared to its average volume of 2,041,337. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The firm’s 50-day moving average price is $241.20 and its two-hundred day moving average price is $219.97. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The firm has a market cap of $62.15 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, research analysts expect that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.82%.

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.