Zevenbergen Capital Investments LLC Has $4.19 Million Position in NXP Semiconductors N.V. $NXPI

Zevenbergen Capital Investments LLC boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 68.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,400 shares of the semiconductor provider’s stock after acquiring an additional 7,500 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in NXP Semiconductors were worth $4,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $453,050,000. Boston Partners boosted its stake in NXP Semiconductors by 73.6% in the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after buying an additional 884,403 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in NXP Semiconductors by 33.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after acquiring an additional 839,113 shares during the period. Rafferty Asset Management LLC raised its stake in NXP Semiconductors by 56.3% during the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after acquiring an additional 690,277 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of NXP Semiconductors by 20.0% during the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after acquiring an additional 567,831 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. TD Cowen lowered their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Evercore ISI lifted their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Truist Financial upped their price objective on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $215.00 target price on NXP Semiconductors in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.62.

NXP Semiconductors Trading Up 1.9%

NXPI opened at $226.27 on Friday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The stock has a market capitalization of $56.95 billion, a PE ratio of 28.00, a PEG ratio of 3.30 and a beta of 1.46. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $211.38 and a two-hundred day moving average price of $218.60.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company posted $3.45 earnings per share. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is currently 50.25%.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern purchased 225 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the purchase, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. The trade was a 1.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares in the company, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.