NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,355 shares of the semiconductor provider’s stock after buying an additional 142 shares during the quarter. Federated Hermes Inc.’s holdings in NXP Semiconductors were worth $311,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Peterson Wealth Services acquired a new position in NXP Semiconductors during the 4th quarter valued at about $339,000. Daiwa Securities Group Inc. increased its stake in shares of NXP Semiconductors by 29.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 50,008 shares of the semiconductor provider’s stock valued at $11,485,000 after acquiring an additional 11,344 shares during the period. Opus Capital Group LLC bought a new stake in NXP Semiconductors during the fourth quarter worth approximately $209,000. Telos Capital Management Inc. lifted its position in NXP Semiconductors by 0.4% in the fourth quarter. Telos Capital Management Inc. now owns 53,713 shares of the semiconductor provider’s stock worth $12,337,000 after purchasing an additional 233 shares during the period. Finally, GraniteShares Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter valued at $849,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 1.4 %

Shares of NXP Semiconductors stock opened at $257.85 on Friday. The firm has a market cap of $65.93 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 0.94 and a beta of 1.54. The stock has a 50-day simple moving average of $242.96 and a 200-day simple moving average of $221.56. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. On average, equities research analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXPI. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Evercore ISI boosted their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial raised their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective for the company in a research report on Thursday, January 18th. Finally, Needham & Company LLC lifted their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $257.72.

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.