NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Jacobs & Co. CA

Jacobs & Co. CA grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,675 shares of the semiconductor provider’s stock after buying an additional 91 shares during the period. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,128,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC raised its position in NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Franklin Resources Inc. raised its position in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after purchasing an additional 20,145 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NXPI. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Evercore ISI reduced their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Susquehanna cut their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Oppenheimer cut their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Trading Down 0.8 %

Shares of NXP Semiconductors stock traded down $1.77 during mid-day trading on Friday, hitting $207.95. 1,338,524 shares of the stock were exchanged, compared to its average volume of 1,939,123. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The stock has a market capitalization of $52.85 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. The company has a 50-day simple moving average of $220.26 and a 200 day simple moving average of $238.76. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the company earned $3.31 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.95%. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

About NXP Semiconductors

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.