Grantham Mayo Van Otterloo & Co. LLC Increases Position in NXP Semiconductors (NASDAQ:NXPI)

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,591 shares of the semiconductor provider’s stock after acquiring an additional 183 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in NXP Semiconductors were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors during the fourth quarter valued at $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the fourth quarter worth $32,000. Finally, Brooklyn Investment Group raised its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Truist Financial boosted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Trading Up 1.5 %

Shares of NXPI opened at $163.29 on Tuesday. 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 has a 1-year low of $152.37 and a 1-year high of $296.08. The company has a market capitalization of $41.41 billion, a P/E ratio of 16.78, a P/E/G ratio of 3.01 and a beta of 1.40. The firm’s 50 day simple moving average is $210.18 and its 200 day simple moving average is $219.69.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

About NXP Semiconductors

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.