Nordea Investment Management AB Acquires 29,890 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nordea Investment Management AB raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 293,497 shares of the semiconductor provider’s stock after buying an additional 29,890 shares during the period. Nordea Investment Management AB’s holdings in NXP Semiconductors were worth $61,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the last quarter. Logan Capital Management Inc. boosted its position in NXP Semiconductors by 0.4% in the 3rd quarter. Logan Capital Management Inc. now owns 16,177 shares of the semiconductor provider’s stock valued at $3,883,000 after buying an additional 63 shares during the period. Franklin Resources Inc. grew its stake in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares in the last quarter. Tidal Investments LLC increased its position in shares of NXP Semiconductors by 9.3% during the third quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider’s stock worth $4,350,000 after acquiring an additional 1,542 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $1,574,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $212.58 on Wednesday. The firm’s fifty day moving average is $221.47 and its two-hundred day moving average is $239.17. The firm has a market cap of $54.03 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 4.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.91%. NXP Semiconductors’s dividend payout ratio is presently 38.65%.

Analyst Ratings Changes

Several research analysts recently issued reports on NXPI shares. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Barclays lowered their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Susquehanna cut their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

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.