Cerity Partners LLC Acquires 30,928 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cerity Partners LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 831.0% during the fourth quarter, HoldingsChannel reports. The fund owned 34,650 shares of the semiconductor provider’s stock after purchasing an additional 30,928 shares during the quarter. Cerity Partners LLC’s holdings in NXP Semiconductors were worth $7,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of NXP Semiconductors by 0.4% during the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after purchasing an additional 91,453 shares in the last quarter. Vanguard Group Inc. grew its position 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 valued at $1,997,635,000 after purchasing an additional 210,979 shares in the last quarter. State Street Corp grew its position in shares of NXP Semiconductors by 2.4% during the 1st quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock valued at $1,876,564,000 after purchasing an additional 232,704 shares in the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 2.2% in the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock worth $857,868,000 after acquiring an additional 98,570 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in NXP Semiconductors by 44.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after acquiring an additional 1,360,582 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NXPI shares. Susquehanna upped their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Morgan Stanley upped their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a research report on Thursday, January 18th. Finally, Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.58.

NXP Semiconductors Price Performance

NXPI stock opened at $230.11 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The firm has a 50-day moving average of $241.66 and a 200 day moving average of $218.13. The company has a market cap of $59.01 billion, a P/E ratio of 21.49, a PEG ratio of 0.88 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The firm 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%. On average, sell-side analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is presently 37.91%.

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.