Paradigm Financial Partners LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,984 shares of the semiconductor provider’s stock after purchasing an additional 885 shares during the quarter. Paradigm Financial Partners LLC’s holdings in NXP Semiconductors were worth $1,746,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NXPI. Price T Rowe Associates Inc. MD grew its position in shares of NXP Semiconductors by 146.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,353,534 shares of the semiconductor provider’s stock worth $1,680,664,000 after acquiring an additional 6,744,875 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of NXP Semiconductors by 5.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,236,968 shares of the semiconductor provider’s stock worth $1,367,349,000 after acquiring an additional 467,368 shares in the last quarter. FMR LLC grew its position in shares of NXP Semiconductors by 2.1% in the 2nd quarter. FMR LLC now owns 21,809,364 shares of the semiconductor provider’s stock worth $3,228,439,000 after acquiring an additional 456,733 shares in the last quarter. CCLA Investment Management acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $65,447,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of NXP Semiconductors by 267.9% in the 2nd quarter. Renaissance Technologies LLC now owns 327,788 shares of the semiconductor provider’s stock worth $48,522,000 after purchasing an additional 238,700 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
Wall Street Analyst Weigh In
NXPI has been the topic of several recent research reports. Susquehanna Bancshares cut their price target on NXP Semiconductors from $200.00 to $175.00 in a report on Wednesday, November 2nd. Mizuho reduced their price objective on shares of NXP Semiconductors from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, November 2nd. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NXP Semiconductors from $185.00 to $200.00 in a research report on Wednesday, February 1st. Finally, Truist Financial increased their price objective on shares of NXP Semiconductors from $209.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.95.
NXP Semiconductors Stock Performance
NXPI stock traded up $2.27 during midday trading on Tuesday, hitting $189.64. 311,739 shares of the company traded hands, compared to its average volume of 2,284,066. NXP Semiconductors has a twelve month low of $132.08 and a twelve month high of $210.00. The company has a quick ratio of 1.58, a current ratio of 2.12 and a debt-to-equity ratio of 1.44. The business has a 50 day simple moving average of $168.13 and a 200-day simple moving average of $165.28. The stock has a market capitalization of $49.14 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50.
NXP Semiconductors Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a $1.014 dividend. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, March 14th. This represents a $4.06 annualized dividend and a dividend yield of 2.14%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 32.01%.
NXP Semiconductors Profile
NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.