NXP Semiconductors (NASDAQ:NXPI) Shares Bought by First Pacific Advisors LP

First Pacific Advisors LP grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 783,232 shares of the semiconductor provider’s stock after buying an additional 4,726 shares during the period. NXP Semiconductors accounts for about 2.3% of First Pacific Advisors LP’s holdings, making the stock its 17th largest holding. First Pacific Advisors LP’s holdings in NXP Semiconductors were worth $162,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NXPI. State Street Corp lifted its stake in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the last quarter. Geode Capital Management LLC raised its holdings in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 3.8 %

Shares of NASDAQ:NXPI opened at $222.56 on Monday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $216.19 and its 200-day simple moving average is $225.89. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NXPI. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.