West Paces Advisors Inc. Has $327,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

West Paces Advisors Inc. raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,425 shares of the semiconductor provider’s stock after acquiring an additional 78 shares during the period. West Paces Advisors Inc.’s holdings in NXP Semiconductors were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. FMR LLC boosted its position in NXP Semiconductors by 0.4% during the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after purchasing an additional 91,453 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after purchasing an additional 210,979 shares during the period. State Street Corp increased its stake in shares of NXP Semiconductors by 2.4% during the first quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock worth $1,876,564,000 after purchasing an additional 232,704 shares during the period. Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 2.2% during the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock worth $857,868,000 after purchasing an additional 98,570 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of NXP Semiconductors by 44.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Truist Financial raised their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Stifel Nicolaus raised their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Susquehanna raised 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Up 0.2 %

NXP Semiconductors stock traded up $0.57 during midday trading on Tuesday, reaching $230.68. The stock had a trading volume of 1,638,999 shares, compared to its average volume of 2,314,008. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The company has a market capitalization of $59.16 billion, a P/E ratio of 21.49, a PEG ratio of 0.88 and a beta of 1.59. The company has a fifty day moving average price of $241.66 and a two-hundred day moving average price of $218.13. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

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.