Swedbank AB Has $35.32 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Swedbank AB decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,922 shares of the semiconductor provider’s stock after selling 7,649 shares during the quarter. Swedbank AB’s holdings in NXP Semiconductors were worth $35,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management increased its position in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at about $13,445,000. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $360,000. Banque Cantonale Vaudoise lifted its holdings in shares of NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NXPI. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen dropped their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Trading Down 0.8 %

Shares of NXPI opened at $211.39 on Friday. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The business has a 50-day moving average of $216.41 and a 200 day moving average of $232.74. The firm has a market cap of $53.73 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

NXP Semiconductors 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.