Vestmark Advisory Solutions Inc. Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Vestmark Advisory Solutions Inc. lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,954 shares of the semiconductor provider’s stock after acquiring an additional 566 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in NXP Semiconductors were worth $3,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of NXP Semiconductors by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock worth $10,848,000 after acquiring an additional 5,471 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of NXP Semiconductors in the third quarter worth about $591,000. Stratos Wealth Partners LTD. lifted its stake in shares of NXP Semiconductors by 4.3% in the third quarter. Stratos Wealth Partners LTD. now owns 3,769 shares of the semiconductor provider’s stock worth $754,000 after acquiring an additional 155 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of NXP Semiconductors by 9.0% in the third quarter. Independent Advisor Alliance now owns 3,941 shares of the semiconductor provider’s stock worth $788,000 after acquiring an additional 325 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of NXP Semiconductors by 2.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 126,900 shares of the semiconductor provider’s stock worth $25,370,000 after acquiring an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a research note on Thursday, January 18th. Truist Financial upped their price objective on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer upped their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Evercore ISI upped their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $257.72.

NXP Semiconductors Stock Performance

NXPI stock traded up $3.59 on Friday, reaching $257.85. The company’s stock had a trading volume of 2,513,186 shares, compared to its average volume of 2,493,474. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a market capitalization of $65.93 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. The firm has a fifty day moving average of $242.96 and a two-hundred day moving average of $221.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. As a group, analysts predict that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

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.