CSM Advisors LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,658 shares of the semiconductor provider’s stock, valued at approximately $18,370,000.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 1.4% in the second quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock valued at $2,916,895,000 after purchasing an additional 184,295 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. State Street Corp boosted its holdings in NXP Semiconductors by 0.7% during the second quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock worth $2,399,555,000 after purchasing an additional 71,892 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in NXP Semiconductors by 1.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock worth $1,799,783,000 after purchasing an additional 103,319 shares during the last quarter. Finally, Invesco Ltd. grew its position in NXP Semiconductors by 3.2% in the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock worth $1,083,013,000 after purchasing an additional 147,192 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Stock Down 0.2%
NXPI opened at $190.86 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. The stock has a market cap of $48.23 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.86 and a beta of 1.45. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.36. The company’s 50-day moving average price is $229.01 and its two-hundred day moving average price is $221.66.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 51.13%.
Analysts Set New Price Targets
Several research firms have commented on NXPI. Truist Financial dropped their target price on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Barclays reaffirmed an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. Wells Fargo & Company increased their price target on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Mizuho dropped their price target on NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, TD Cowen cut their price objective on NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.67.
Get Our Latest Research Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.
About NXP Semiconductors
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.
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