Vanguard Group Inc. Has $2.77 Billion Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Vanguard Group Inc. raised its position in NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 13,322,338 shares of the semiconductor provider’s stock after buying an additional 99,667 shares during the period. Vanguard Group Inc. owned 0.05% of NXP Semiconductors worth $2,769,048,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NXPI. State Street Corp increased its position 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 grew its stake in NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares in the last quarter. Van ECK Associates Corp raised its position in shares of 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 purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of NXP Semiconductors by 0.7% during 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 in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NXPI shares. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Up 0.1 %

NXPI stock opened at $211.33 on Wednesday. The business’s 50 day simple moving average is $215.56 and its 200 day simple moving average is $222.57. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. The firm has a market capitalization of $53.60 billion, a PE ratio of 21.72, a PEG ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

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.