Greenleaf Trust Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Greenleaf Trust raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,126 shares of the semiconductor provider’s stock after acquiring an additional 333 shares during the quarter. Greenleaf Trust’s holdings in NXP Semiconductors were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NXPI. Assenagon Asset Management S.A. boosted its stake 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 worth $20,510,000 after purchasing an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 worth $28,846,000 after purchasing an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. boosted 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 worth $1,100,000 after purchasing an additional 1,019 shares during the last quarter. Invera Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $1,786,000. Finally, Mackenzie Financial Corp boosted 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 worth $26,641,000 after purchasing an additional 15,283 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 1.6 %

NXPI opened at $218.66 on Tuesday. The firm has a market capitalization of $56.00 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.81 and a beta of 1.59. The firm’s 50 day moving average is $241.03 and its 200-day moving average is $218.99. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. Analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.85%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analyst Ratings Changes

Several research firms have issued reports on NXPI. TD Cowen raised their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.