Fiduciary Trust Co Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Fiduciary Trust Co increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,731 shares of the semiconductor provider’s stock after purchasing an additional 144 shares during the period. Fiduciary Trust Co’s holdings in NXP Semiconductors were worth $983,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at about $672,224,000. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the period. Assenagon Asset Management S.A. increased its position in NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after purchasing an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NXP Semiconductors by 36.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’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 transaction of $204,860.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 1.9 %

Shares of NXPI opened at $192.17 on Friday. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The stock has a 50-day moving average price of $188.87 and a 200 day moving average price of $209.69. 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 has a market capitalization of $48.55 billion, a P/E ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38.

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

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.11%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Susquehanna cut their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Finally, Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.37.

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.