Mufg Securities Americas Inc. Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Mufg Securities Americas Inc. acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,752 shares of the semiconductor provider’s stock, valued at approximately $780,000.

A number of other hedge funds have also made changes to their positions in NXPI. Merit Financial Group LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $360,000. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $46,000. Austin Private Wealth LLC lifted its position in NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after acquiring an additional 2,609 shares in the last quarter. Finally, LifePlan Financial LLC grew its holdings in shares of NXP Semiconductors by 110.5% during the fourth quarter. LifePlan Financial LLC now owns 4,494 shares of the semiconductor provider’s stock worth $934,000 after purchasing an additional 2,359 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NXPI shares. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. Mizuho lifted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $246.22.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $211.33 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The business’s fifty day moving average price is $188.40 and its two-hundred day moving average price is $209.27. The stock has a market cap of $53.39 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08.

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

NXP Semiconductors Announces Dividend

The company 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 dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is 44.12%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value 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. The trade was a 10.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

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.