Nuveen Asset Management LLC Buys 38,138 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nuveen Asset Management LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,166,727 shares of the semiconductor provider’s stock after purchasing an additional 38,138 shares during the quarter. Nuveen Asset Management LLC owned 0.46% of NXP Semiconductors worth $242,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Central Bank & Trust Co. grew its position in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after acquiring an additional 48 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the last quarter. J. W. Coons Advisors LLC raised its position in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock worth $618,000 after purchasing an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its stake in shares of NXP Semiconductors by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider’s stock valued at $4,180,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.3%

NASDAQ NXPI opened at $210.73 on Friday. The firm has a market capitalization of $53.24 billion, a PE ratio of 21.66, a P/E/G ratio of 3.01 and a beta of 1.38. The stock’s 50 day moving average is $188.44 and its 200 day moving average is $209.00. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.24 earnings per share. Research analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NXPI shares. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Susquehanna decreased their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Citigroup cut their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $246.22.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% 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.