Highland Capital Management LLC Has $1.55 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Highland Capital Management LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,766 shares of the semiconductor provider’s stock after buying an additional 1,250 shares during the period. Highland Capital Management LLC’s holdings in NXP Semiconductors were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. IMPACTfolio LLC raised its position in shares of NXP Semiconductors by 4.3% in the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after buying an additional 49 shares in the last quarter. Northwest Investment Counselors LLC raised its position in NXP Semiconductors by 12.1% during the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock valued at $92,000 after purchasing an additional 50 shares in the last quarter. Financial Management Professionals Inc. raised its position in NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after purchasing an additional 50 shares in the last quarter. Windsor Capital Management LLC raised its position in NXP Semiconductors by 1.8% during the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after purchasing an additional 55 shares in the last quarter. Finally, Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.2% during the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after purchasing an additional 55 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 2.7 %

Shares of NASDAQ:NXPI opened at $245.44 on Thursday. The firm has a fifty day moving average price of $234.24 and a two-hundred 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 one year low of $155.31 and a one year high of $264.26. The company has a market cap of $62.95 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 0.90 and a beta of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial boosted their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus boosted their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.75.

Insider Buying and Selling at NXP Semiconductors

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

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.