Vanguard Group Inc. Has $2.77 Billion Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Vanguard Group Inc. boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,322,338 shares of the semiconductor provider’s stock after buying an additional 99,667 shares during the quarter. Vanguard Group Inc. owned approximately 5.24% of NXP Semiconductors worth $2,769,048,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NXPI. State Street Corp grew its position in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares during the last quarter. Geode Capital Management LLC boosted its stake in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Van ECK Associates Corp increased its position in NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.1 %

NXPI stock opened at $211.33 on Wednesday. The business has a fifty day moving average of $215.56 and a 200-day moving average of $222.57. The company has a market cap of $53.60 billion, a P/E ratio of 21.72, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $196.95 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given 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 is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 41.62%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction 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 sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on NXPI. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $267.00.

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.