Royal Fund Management LLC Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Royal Fund Management LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,001 shares of the semiconductor provider’s stock after acquiring an additional 210 shares during the period. Royal Fund Management LLC’s holdings in NXP Semiconductors were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after purchasing an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after purchasing an additional 1,019 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after purchasing an additional 34,131 shares in the last quarter. Finally, Heritage Wealth Management LLC purchased a new position in NXP Semiconductors in the 4th quarter valued at $845,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.4 %

NXPI traded up $3.59 during trading hours on Friday, hitting $257.85. 2,513,186 shares of the company’s stock were exchanged, compared to its average volume of 2,493,474. The firm has a market cap of $65.93 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $242.96 and a 200 day moving average of $221.56.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Analysts predict that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is presently 37.49%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research reports. Morgan Stanley raised their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Susquehanna lifted their price target on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Mizuho lifted their price target on NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

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.