Xponance Inc. Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Xponance Inc. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,174 shares of the semiconductor provider’s stock after acquiring an additional 1,316 shares during the quarter. Xponance Inc.’s holdings in NXP Semiconductors were worth $5,440,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp increased its position in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC increased its position in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after buying an additional 57,762 shares in the last quarter. Franklin Resources Inc. increased its position in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Van ECK Associates Corp increased its position in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.1 %

Shares of NXPI opened at $207.38 on Thursday. The stock’s 50-day moving average is $215.72 and its two-hundred day moving average is $223.59. The stock has a market cap of $52.60 billion, a PE ratio of 21.31, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.