Artisan Partners Limited Partnership Has $57.18 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Artisan Partners Limited Partnership increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 285,991 shares of the semiconductor provider’s stock after buying an additional 619 shares during the quarter. Artisan Partners Limited Partnership owned 0.11% of NXP Semiconductors worth $57,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NXPI. Cibc World Market Inc. lifted its position in shares of NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock worth $5,443,000 after buying an additional 1,732 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in NXP Semiconductors by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock worth $72,356,000 after purchasing an additional 21,672 shares in the last quarter. Cetera Investment Advisers increased its holdings in NXP Semiconductors by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock worth $1,172,000 after purchasing an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in NXP Semiconductors by 21.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock worth $445,000 after purchasing an additional 417 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in NXP Semiconductors by 2.0% in the 1st 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 in the last quarter. 90.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup cut NXP Semiconductors from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $216.00 to $150.00 in a report on Wednesday, November 8th. Needham & Company LLC lowered their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $237.08.

Read Our Latest Research Report on NXP Semiconductors

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $233.55 on Friday. The firm has a market capitalization of $60.20 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. The firm has a fifty day simple moving average of $219.04 and a two-hundred day simple moving average of $206.01. The company has a current ratio of 1.91, a quick ratio of 1.38 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $238.27.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 13th were paid a dividend of $1.014 per share. The ex-dividend date was Tuesday, December 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $204.00, for a total value of $408,000.00. Following the completion of the sale, the executive vice president now owns 40,349 shares in the company, valued at approximately $8,231,196. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Kurt Sievers sold 8,699 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $218.16, for a total value of $1,897,773.84. Following the completion of the sale, the chief executive officer now owns 208,428 shares in the company, valued at approximately $45,470,652.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $204.00, for a total transaction of $408,000.00. Following the completion of the sale, the executive vice president now owns 40,349 shares of the company’s stock, valued at approximately $8,231,196. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,261 shares of company stock worth $4,776,057. 0.13% of the stock is owned by corporate insiders.

NXP Semiconductors Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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