Jennison Associates LLC Sells 432,577 Shares of NXP Semiconductors (NASDAQ:NXPI)

Jennison Associates LLC reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 99.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,361 shares of the semiconductor provider’s stock after selling 432,577 shares during the quarter. Jennison Associates LLC’s holdings in NXP Semiconductors were worth $313,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. BluePath Capital Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $28,000. Valley National Advisers Inc. boosted its position in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its position in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NXPI shares. Oppenheimer lifted their price target on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Cowen lifted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Cantor Fitzgerald lifted their price objective on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Up 1.9 %

NXP Semiconductors stock opened at $242.70 on Monday. The stock has a market cap of $62.16 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.92 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 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 $241.20 and a 200 day moving average of $219.97.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 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 analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, sell-side analysts predict that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

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.