NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,594 shares of the semiconductor provider’s stock after buying an additional 28,758 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NXP Semiconductors were worth $28,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Confluence Wealth Services Inc. grew its holdings in shares of NXP Semiconductors by 2.7% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,715 shares of the semiconductor provider’s stock valued at $853,000 after purchasing an additional 98 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in NXP Semiconductors by 1.6% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 11,870 shares of the semiconductor provider’s stock worth $2,726,000 after buying an additional 185 shares in the last quarter. Busey Bank bought a new position in NXP Semiconductors in the 4th quarter worth approximately $367,000. Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares in the last quarter. Finally, BSW Wealth Partners grew its holdings in NXP Semiconductors by 8.3% in the 4th quarter. BSW Wealth Partners now owns 1,428 shares of the semiconductor provider’s stock worth $328,000 after buying an additional 110 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, April 8th. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer upped their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $239.58.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $233.61 on Friday. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The stock has a fifty day moving average of $241.48 and a 200-day moving average of $217.78. The company has a market capitalization of $59.91 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. NXP Semiconductors’s payout ratio is currently 37.91%.

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.