NXP Semiconductors (NASDAQ:NXPI) Holdings Raised by abrdn plc

abrdn plc boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 558,482 shares of the semiconductor provider’s stock after buying an additional 20,031 shares during the quarter. abrdn plc’s holdings in NXP Semiconductors were worth $116,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. GDS Wealth Management grew its stake in NXP Semiconductors by 6.4% in the 4th quarter. GDS Wealth Management now owns 59,308 shares of the semiconductor provider’s stock valued at $12,327,000 after buying an additional 3,568 shares during the last quarter. JB Capital LLC grew its position in NXP Semiconductors by 6.2% in the 4th quarter. JB Capital LLC now owns 58,393 shares of the semiconductor provider’s stock worth $12,137,000 after purchasing an additional 3,419 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 6.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,282 shares of the semiconductor provider’s stock valued at $682,000 after acquiring an additional 212 shares in the last quarter. Greenleaf Trust boosted its position in shares of NXP Semiconductors by 3.6% during the 4th quarter. Greenleaf Trust now owns 3,320 shares of the semiconductor provider’s stock valued at $690,000 after acquiring an additional 114 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of NXP Semiconductors by 30.1% during the 4th quarter. Golden State Equity Partners now owns 1,643 shares of the semiconductor provider’s stock valued at $342,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Down 1.8 %

Shares of NASDAQ NXPI opened at $204.73 on Tuesday. The stock has a market cap of $52.03 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.14 and a beta of 1.46. The firm has a 50 day moving average price of $215.79 and a 200 day moving average price of $231.35. 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 $198.21 and a 52-week high of $296.08.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

NXP Semiconductors Company 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.