Charles Schwab Investment Management Inc. Purchases 20,945 Shares of NXP Semiconductors (NASDAQ:NXPI)

Charles Schwab Investment Management Inc. increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,358,394 shares of the semiconductor provider’s stock after acquiring an additional 20,945 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NXP Semiconductors were worth $311,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth approximately $26,000. Valley National Advisers Inc. raised its position in NXP Semiconductors by 98.6% in 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 during the last quarter. BluePath Capital Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $28,000. Avalon Trust Co bought a new position in NXP Semiconductors in the 4th quarter valued at $42,000. Finally, Paradigm Asset Management Co. LLC boosted its position in NXP Semiconductors by 100.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.4 %

NASDAQ NXPI traded down $0.99 on Wednesday, reaching $257.66. The company had a trading volume of 770,544 shares, compared to its average volume of 2,371,356. The company’s fifty day moving average is $243.53 and its 200-day moving average is $222.94. The firm has a market capitalization of $65.88 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, research analysts forecast that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.40%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NXPI shares. Truist Financial upped their price target on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Susquehanna upped their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $290.00 target price on shares of NXP Semiconductors in a research note on Tuesday, April 30th. TD Cowen boosted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.