Nuveen Asset Management LLC Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Nuveen Asset Management LLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,166,727 shares of the semiconductor provider’s stock after purchasing an additional 38,138 shares during the quarter. Nuveen Asset Management LLC’s holdings in NXP Semiconductors were worth $242,504,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NXPI. Merit Financial Group LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at $360,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the 4th quarter valued at about $46,000. Austin Private Wealth LLC lifted its stake in 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 acquiring an additional 1,869 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Finally, LifePlan Financial LLC grew its stake in shares of NXP Semiconductors by 110.5% in the fourth quarter. LifePlan Financial LLC now owns 4,494 shares of the semiconductor provider’s stock worth $934,000 after acquiring an additional 2,359 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $210.73 on Friday. The company has a market capitalization of $53.24 billion, a P/E ratio of 21.66, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The firm’s 50 day simple moving average is $188.44 and its two-hundred day simple moving average is $209.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 EPS. Research analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is 44.12%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXPI. Mizuho boosted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. UBS Group cut their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. TD Cowen lifted their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $246.22.

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.