Gladstone Institutional Advisory LLC Acquires New Holdings in NXP Semiconductors (NASDAQ:NXPI)

Gladstone Institutional Advisory LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,103 shares of the semiconductor provider’s stock, valued at approximately $253,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $762,077,000. International Assets Investment Management LLC raised its stake in NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after purchasing an additional 512,732 shares during the last quarter. Northern Trust Corp raised its stake in NXP Semiconductors by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after purchasing an additional 211,927 shares during the last quarter. Toronto Dominion Bank acquired a new position in NXP Semiconductors in the 3rd quarter valued at $41,270,000. Finally, Van ECK Associates Corp raised its stake in NXP Semiconductors by 15.9% in the 4th quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider’s stock valued at $303,065,000 after purchasing an additional 180,999 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXPI. Jefferies Financial Group began coverage on NXP Semiconductors in a report on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company. Oppenheimer increased their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Argus raised their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $265.00 to $325.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $267.80.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $4.45 during trading on Friday, reaching $277.17. The company’s stock had a trading volume of 1,319,923 shares, compared to its average volume of 2,079,549. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12-month low of $163.26 and a 12-month high of $280.77. The company has a market capitalization of $70.87 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The business has a 50 day moving average price of $248.36 and a 200-day moving average price of $230.56.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.46 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.46%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

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.