Madison Investment Advisors LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Madison Investment Advisors LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,645 shares of the semiconductor provider’s stock, valued at approximately $2,005,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after acquiring an additional 57,762 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after acquiring an additional 93,129 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after buying an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on NXPI. Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Down 1.0 %

NXPI stock opened at $200.64 on Friday. NXP Semiconductors has a twelve month low of $196.95 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market cap of $50.89 billion, a P/E ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. The business’s 50-day moving average price is $215.46 and its 200-day moving average price is $223.06.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. NXP Semiconductors’s payout ratio is currently 41.62%.

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.