UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 377,048 Shares of NXP Semiconductors (NASDAQ:NXPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,671,388 shares of the semiconductor provider’s stock after purchasing an additional 377,048 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NXP Semiconductors were worth $555,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Voloridge Investment Management LLC raised its holdings in NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after acquiring an additional 582,317 shares during the period. Waverly Advisors LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at $1,168,000. Williams Jones Wealth Management LLC. raised its holdings in NXP Semiconductors by 1.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,086 shares of the semiconductor provider’s stock valued at $2,928,000 after acquiring an additional 218 shares during the period. Vident Advisory LLC raised its holdings in NXP Semiconductors by 5.9% during the 4th quarter. Vident Advisory LLC now owns 6,294 shares of the semiconductor provider’s stock valued at $1,309,000 after acquiring an additional 348 shares during the period. Finally, Twinbeech Capital LP bought a new stake in NXP Semiconductors during the 4th quarter valued at $67,577,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NXPI shares. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. UBS Group decreased their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup decreased their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.22.

NXP Semiconductors Stock Down 0.1%

NXPI opened at $210.08 on Wednesday. The stock has a market cap of $53.07 billion, a PE ratio of 21.59, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The business’s fifty day simple moving average is $188.88 and its 200 day simple moving average is $208.08.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

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.