US Bancorp DE Sells 4,614 Shares of NXP Semiconductors (NASDAQ:NXPI)

US Bancorp DE cut its holdings in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,024 shares of the semiconductor provider’s stock after selling 4,614 shares during the period. US Bancorp DE’s holdings in NXP Semiconductors were worth $5,905,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC increased its holdings in shares of NXP Semiconductors by 2.1% in the 2nd quarter. FMR LLC now owns 21,809,364 shares of the semiconductor provider’s stock worth $3,228,439,000 after buying an additional 456,733 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of NXP Semiconductors by 146.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,353,534 shares of the semiconductor provider’s stock worth $1,680,664,000 after purchasing an additional 6,744,875 shares during the period. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after purchasing an additional 210,979 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 5.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,236,968 shares of the semiconductor provider’s stock worth $1,367,349,000 after purchasing an additional 467,368 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of NXP Semiconductors by 3.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,016,246 shares of the semiconductor provider’s stock worth $298,465,000 after purchasing an additional 63,046 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $225.00 to $200.00 in a research note on Tuesday, October 25th. Credit Suisse Group assumed coverage on shares of NXP Semiconductors in a research note on Tuesday, November 15th. They issued a “neutral” rating and a $195.00 target price on the stock. StockNews.com assumed coverage on shares of NXP Semiconductors in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Piper Sandler dropped their target price on shares of NXP Semiconductors from $175.00 to $160.00 in a research note on Tuesday, November 1st. Finally, KGI Securities downgraded shares of NXP Semiconductors from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 18th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.35.

NXP Semiconductors Trading Up 0.9 %

NASDAQ:NXPI opened at $170.21 on Friday. NXP Semiconductors has a 52 week low of $132.08 and a 52 week high of $232.36. The firm has a 50 day moving average of $164.83 and a 200 day moving average of $162.62. The company has a quick ratio of 1.59, a current ratio of 2.08 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $44.11 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.65 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last posted its earnings results on Monday, October 31st. The semiconductor provider reported $3.54 EPS for the quarter. NXP Semiconductors had a net margin of 20.62% and a return on equity of 52.30%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.95 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Thursday, December 15th were given a dividend of $0.845 per share. The ex-dividend date was Wednesday, December 14th. This represents a $3.38 dividend on an annualized basis and a yield of 1.99%. NXP Semiconductors’s payout ratio is 33.67%.

NXP Semiconductors Company Profile

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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.