First Trust Direct Indexing L.P. Acquires 648 Shares of NXP Semiconductors (NASDAQ:NXPI)

First Trust Direct Indexing L.P. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,381 shares of the semiconductor provider’s stock after buying an additional 648 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in NXP Semiconductors were worth $1,236,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of NXP Semiconductors by 46.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after purchasing an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in NXP Semiconductors by 29.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after buying an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of NXP Semiconductors by 27.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after buying an additional 1,019 shares during the period. Handelsbanken Fonder AB increased its stake in shares of NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after acquiring an additional 34,131 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of NXP Semiconductors by 15.2% in the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock valued at $26,641,000 after acquiring an additional 15,283 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.4 %

NXPI stock traded up $6.09 during trading on Friday, hitting $260.35. 222,137 shares of the stock traded hands, compared to its average volume of 2,372,868. The stock has a market cap of $66.57 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39. The firm’s 50 day moving average is $242.58 and its two-hundred day moving average is $221.15. NXP Semiconductors has a 1 year low of $161.23 and a 1 year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate 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 net margin of 21.24% and a return on equity of 37.65%. On average, sell-side analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NXPI shares. Morgan Stanley increased their price target on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Mizuho increased their target price on NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, Evercore ISI boosted their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $257.72.

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.