Fifth Third Wealth Advisors LLC Has $533,000 Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Fifth Third Wealth Advisors LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,563 shares of the semiconductor provider’s stock after purchasing an additional 631 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NXPI. Federated Hermes Inc. increased its position in NXP Semiconductors by 33.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock valued at $435,000 after acquiring an additional 406 shares during the period. Edgestream Partners L.P. bought a new position in NXP Semiconductors during the 2nd quarter worth $258,000. Mutual of America Capital Management LLC lifted its holdings in NXP Semiconductors by 5.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,760 shares of the semiconductor provider’s stock worth $9,623,000 after buying an additional 1,965 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of NXP Semiconductors by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider’s stock valued at $5,301,000 after buying an additional 425 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of NXP Semiconductors by 14.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,803 shares of the semiconductor provider’s stock worth $3,389,000 after acquiring an additional 1,628 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Susquehanna decreased their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.19.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $210.76 on Friday. The stock has a market cap of $53.57 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 3.11 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The firm’s 50-day simple moving average is $218.39 and its 200 day simple moving average is $236.92.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is 38.74%.

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.