DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Grows Holdings in NXP Semiconductors (NASDAQ:NXPI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 893.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,332,578 shares of the semiconductor provider’s stock after buying an additional 2,097,727 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in NXP Semiconductors were worth $535,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $26,000. FinTrust Capital Advisors LLC increased its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Valley National Advisers Inc. increased its position in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. Atticus Wealth Management LLC increased its position in NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NXPI. Oppenheimer increased their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price objective on the stock. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $267.80.

View Our Latest Research Report on NXP Semiconductors

Insider Buying and Selling

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $6.31 during midday trading on Friday, hitting $269.16. The company’s stock had a trading volume of 1,064,222 shares, compared to its average volume of 2,201,925. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average price is $257.32 and its 200-day moving average price is $238.35. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87. The company has a market capitalization of $68.82 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.64 and a beta of 1.50.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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