3,089 Shares in NXP Semiconductors (NASDAQ:NXPI) Bought by Stonebrook Private Inc.

Stonebrook Private Inc. purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,089 shares of the semiconductor provider’s stock, valued at approximately $709,000.

A number of other hedge funds have also bought and sold shares of NXPI. Assenagon Asset Management S.A. lifted its position in shares of NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after buying an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of NXP Semiconductors by 29.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after buying an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of NXP Semiconductors by 27.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after purchasing an additional 1,019 shares during the period. Handelsbanken Fonder AB raised its stake in shares of NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after purchasing an additional 34,131 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of NXP Semiconductors by 15.2% during the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock valued at $26,641,000 after purchasing an additional 15,283 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 1.9 %

NXPI stock traded up $4.62 during trading on Friday, hitting $242.70. 2,059,388 shares of the company traded hands, compared to its average volume of 2,041,337. The firm has a market capitalization of $62.16 billion, a PE ratio of 22.66, a P/E/G ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The company has a 50-day moving average of $241.20 and a 200-day moving average of $219.86. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Analysts predict that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their price objective on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Evercore ISI initiated coverage on NXP Semiconductors in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $300.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $242.29.

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.