Mediolanum International Funds Ltd Has $14.44 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Mediolanum International Funds Ltd grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 135.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,750 shares of the semiconductor provider’s stock after purchasing an additional 40,115 shares during the quarter. Mediolanum International Funds Ltd’s holdings in NXP Semiconductors were worth $14,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OLD National Bancorp IN lifted its stake in NXP Semiconductors by 4.2% in the fourth quarter. OLD National Bancorp IN now owns 3,811 shares of the semiconductor provider’s stock valued at $792,000 after buying an additional 152 shares during the period. Foster & Motley Inc. raised its position in shares of NXP Semiconductors by 153.2% in the 4th quarter. Foster & Motley Inc. now owns 2,524 shares of the semiconductor provider’s stock valued at $525,000 after acquiring an additional 1,527 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in shares of NXP Semiconductors by 18.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 48,704 shares of the semiconductor provider’s stock valued at $10,489,000 after buying an additional 7,477 shares during the period. Asset Dedication LLC increased its position in shares of NXP Semiconductors by 126.6% in the 4th quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider’s stock valued at $74,000 after buying an additional 200 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in NXP Semiconductors by 12.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,056 shares of the semiconductor provider’s stock worth $635,000 after buying an additional 346 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. Truist Financial decreased their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group dropped their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Finally, Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $208.55 on Friday. The stock has a market cap of $53.01 billion, a P/E ratio of 19.90, a P/E/G ratio of 3.21 and a beta of 1.47. The company has a fifty day moving average price of $216.15 and a two-hundred day moving average price of $232.59. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 38.74%.

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.