NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,715 shares of the semiconductor provider’s stock after acquiring an additional 1,637 shares during the period. NXP Semiconductors accounts for about 1.7% of Marco Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. Marco Investment Management LLC’s holdings in NXP Semiconductors were worth $16,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in shares of NXP Semiconductors by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 102,233 shares of the semiconductor provider’s stock valued at $20,438,000 after buying an additional 971 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $471,000. Manning & Napier Group LLC raised its holdings in shares of NXP Semiconductors by 1.3% during the third quarter. Manning & Napier Group LLC now owns 17,307 shares of the semiconductor provider’s stock valued at $3,460,000 after buying an additional 228 shares during the last quarter. Bremer Bank National Association raised its holdings in shares of NXP Semiconductors by 8.6% during the third quarter. Bremer Bank National Association now owns 18,709 shares of the semiconductor provider’s stock valued at $3,740,000 after buying an additional 1,484 shares during the last quarter. Finally, My Legacy Advisors LLC raised its holdings in NXP Semiconductors by 11.7% during the third quarter. My Legacy Advisors LLC now owns 4,972 shares of the semiconductor provider’s stock worth $934,000 after purchasing an additional 521 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.9 %

NASDAQ NXPI traded up $4.62 on Friday, hitting $242.70. 2,059,388 shares of the stock were exchanged, compared to its average volume of 2,041,337. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The company has a market capitalization of $62.15 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 0.92 and a beta of 1.59. The company’s 50-day moving average price is $241.20 and its two-hundred day moving average price is $219.97.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Research analysts predict that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.82%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NXPI. Stifel Nicolaus boosted their target price on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Evercore ISI initiated coverage on NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 target price on the stock. Finally, Mizuho upped their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.29.

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.