abrdn plc Purchases 56,722 Shares of NXP Semiconductors (NASDAQ:NXPI)

abrdn plc increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 381,878 shares of the semiconductor provider’s stock after purchasing an additional 56,722 shares during the period. abrdn plc’s holdings in NXP Semiconductors were worth $87,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vantage Investment Partners LLC boosted its stake in NXP Semiconductors by 46.5% in the 4th quarter. Vantage Investment Partners LLC now owns 35,060 shares of the semiconductor provider’s stock valued at $8,053,000 after buying an additional 11,130 shares in the last quarter. Hunter Associates Investment Management LLC boosted its stake in NXP Semiconductors by 1.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 20,098 shares of the semiconductor provider’s stock valued at $4,606,000 after buying an additional 274 shares in the last quarter. Kraft Davis & Associates LLC boosted its stake in NXP Semiconductors by 7.0% in the 4th quarter. Kraft Davis & Associates LLC now owns 1,127 shares of the semiconductor provider’s stock valued at $242,000 after buying an additional 74 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in NXP Semiconductors in the 4th quarter valued at $254,000. Finally, Greenleaf Trust boosted its stake in NXP Semiconductors by 11.9% in the 4th quarter. Greenleaf Trust now owns 3,126 shares of the semiconductor provider’s stock valued at $718,000 after buying an additional 333 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NXPI shares. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Cantor Fitzgerald boosted their price objective on NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Finally, Susquehanna boosted their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Trading Down 1.9 %

NXPI stock opened at $215.12 on Friday. The company has a market cap of $55.09 billion, a P/E ratio of 20.09, a PEG ratio of 0.81 and a beta of 1.59. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $241.39 and a 200-day moving average of $218.68.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities research analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.89%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

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.