NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,558 shares of the semiconductor provider’s stock after purchasing an additional 2,609 shares during the period. Asset Management One Co. Ltd.’s holdings in NXP Semiconductors were worth $21,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NXPI. Crumly & Associates Inc. increased its holdings in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after acquiring an additional 45 shares during the period. Sterling Investment Counsel LLC grew its position in NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after purchasing an additional 46 shares during the last quarter. Ascent Group LLC increased its stake in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. raised its holdings in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its position in shares of NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock worth $207,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI lowered their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $231.00 to $257.00 in a research note on Wednesday. Finally, Truist Financial dropped their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $224.14 on Friday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The stock’s 50-day moving average price is $213.16 and its two-hundred day moving average price is $228.34. The company has a market cap of $56.97 billion, a PE ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.73%.

NXP Semiconductors 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.