Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,672 shares of the semiconductor provider’s stock after buying an additional 252 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NXP Semiconductors were worth $5,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the third quarter worth about $26,000. Live Oak Investment Partners acquired a new position in NXP Semiconductors during the 4th quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $27,000. BluePath Capital Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $28,000. Finally, Valley National Advisers Inc. grew its stake in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 1.9 %

Shares of NASDAQ NXPI opened at $215.12 on Monday. The stock has a market cap of $55.09 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The business has a 50-day moving average price of $241.39 and a 200 day moving average price of $218.83.

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, beating analysts’ consensus estimates of $3.33 by $0.04. The firm 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%. Equities research analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Susquehanna boosted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Evercore ISI started coverage on NXP Semiconductors in a research report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Company 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.