Highland Capital Management LLC Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Highland Capital Management LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 22.7% in the fourth quarter, Holdings Channel reports. The firm owned 6,766 shares of the semiconductor provider’s stock after purchasing an additional 1,250 shares during the period. Highland Capital Management LLC’s holdings in NXP Semiconductors were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NXPI. Cibc World Market Inc. grew its holdings in shares of NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock worth $5,443,000 after purchasing an additional 1,732 shares during the period. Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock worth $72,356,000 after acquiring an additional 21,672 shares in the last quarter. Cetera Investment Advisers lifted its position in NXP Semiconductors by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock worth $1,172,000 after acquiring an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in NXP Semiconductors by 21.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock worth $445,000 after acquiring an additional 417 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in NXP Semiconductors by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after acquiring an additional 210,979 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $245.44 on Thursday. The company has a market cap of $62.95 billion, a P/E ratio of 22.92, a PEG ratio of 0.90 and a beta of 1.60. The stock has a fifty day moving average price of $234.24 and a 200 day moving average price of $213.77. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results 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 company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, research analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, March 20th. NXP Semiconductors’s payout ratio is currently 37.91%.

Analyst Ratings Changes

Several research firms recently commented on NXPI. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley upped their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $238.75.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 2,120 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total transaction of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares of the company’s stock, valued at approximately $8,687,922.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

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.