Royal Fund Management LLC Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Royal Fund Management LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,001 shares of the semiconductor provider’s stock after buying an additional 210 shares during the quarter. Royal Fund Management LLC’s holdings in NXP Semiconductors were worth $1,611,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of NXP Semiconductors by 21,013.6% during the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after purchasing an additional 512,732 shares during the last quarter. Bahl & Gaynor Inc. purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $59,273,000. Northern Trust Corp increased its position in shares of NXP Semiconductors by 10.9% during the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after purchasing an additional 211,927 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $41,270,000. Finally, Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider’s stock valued at $303,065,000 after purchasing an additional 180,999 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $3.59 on Friday, reaching $257.85. The company’s stock had a trading volume of 2,513,186 shares, compared to its average volume of 2,493,474. The stock’s fifty day simple moving average is $242.96 and its 200-day simple moving average is $221.56. NXP Semiconductors has a 1 year low of $161.23 and a 1 year high of $264.26. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.49%.

Analyst Ratings Changes

Several research firms have recently commented on NXPI. Evercore ISI upped their price target on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a report on Thursday, January 18th. Susquehanna increased their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $257.72.

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.