NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,977 shares of the semiconductor provider’s stock after buying an additional 25,794 shares during the period. Victory Capital Management Inc.’s holdings in NXP Semiconductors were worth $39,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMPACTfolio LLC raised its stake in shares of NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after purchasing an additional 49 shares during the last quarter. Financial Management Professionals Inc. lifted its position in NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after purchasing an additional 50 shares during the period. Carret Asset Management LLC boosted its holdings in NXP Semiconductors by 2.2% in the 4th quarter. Carret Asset Management LLC now owns 2,330 shares of the semiconductor provider’s stock valued at $535,000 after purchasing an additional 50 shares in the last quarter. Windsor Capital Management LLC increased its position in NXP Semiconductors by 1.8% during the 4th quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock worth $697,000 after purchasing an additional 55 shares during the period. Finally, Central Bank & Trust Co. raised its stake in shares of NXP Semiconductors by 1.2% during the 4th quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock worth $1,041,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. 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 note on Tuesday, March 12th. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $290.00 price objective on shares of NXP Semiconductors in a report on Tuesday, April 30th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Mizuho lifted their price target on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $259.63 on Tuesday. The business’s 50-day moving average price is $243.28 and its 200 day moving average price is $222.43. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The company has a market capitalization of $66.38 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, research analysts predict that NXP Semiconductors will post 12.41 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.56%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.