Nordea Investment Management AB Boosts Position in NXP Semiconductors (NASDAQ:NXPI)

Nordea Investment Management AB boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,497 shares of the semiconductor provider’s stock after acquiring an additional 29,890 shares during the period. Nordea Investment Management AB owned 0.12% of NXP Semiconductors worth $61,347,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares in the last quarter. Logan Capital Management Inc. boosted its position in NXP Semiconductors by 0.4% during the 3rd quarter. Logan Capital Management Inc. now owns 16,177 shares of the semiconductor provider’s stock valued at $3,883,000 after acquiring an additional 63 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of NXP Semiconductors by 2.1% during the 3rd 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 during the period. Tidal Investments LLC raised its position in shares of NXP Semiconductors by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider’s stock worth $4,350,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $1,574,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Susquehanna dropped their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Barclays cut their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $212.58 on Wednesday. The stock has a 50-day simple moving average of $221.47 and a two-hundred day simple moving average of $239.17. 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 52-week low of $201.58 and a 52-week high of $296.08. The firm has a market capitalization of $54.03 billion, a PE ratio of 20.28, a P/E/G ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.91%. NXP Semiconductors’s payout ratio is currently 38.65%.

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.