Assenagon Asset Management S.A. Purchases 511,553 Shares of NXP Semiconductors (NASDAQ:NXPI)

Assenagon Asset Management S.A. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1,172.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 555,189 shares of the semiconductor provider’s stock after buying an additional 511,553 shares during the period. Assenagon Asset Management S.A.’s holdings in NXP Semiconductors were worth $115,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Crumly & Associates Inc. increased its stake in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after buying an additional 45 shares during the last quarter. Sterling Investment Counsel LLC raised its holdings in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after acquiring an additional 46 shares in the last quarter. Ascent Group LLC boosted its position in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the last quarter. Brighton Jones LLC boosted its position in NXP Semiconductors by 5.2% during the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock valued at $275,000 after purchasing an additional 51 shares during the last quarter. Finally, Farmers National Bank grew its stake in NXP Semiconductors by 6.1% in the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after purchasing an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price objective for the company from $260.00 to $257.00 in a report on Friday, January 10th. Susquehanna cut their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday. Finally, Barclays cut their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $210.63 on Wednesday. NXP Semiconductors has a one year low of $201.58 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. The firm has a market cap of $53.53 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 4.37 and a beta of 1.47. The stock’s fifty day moving average price is $218.74 and its two-hundred day moving average price is $237.09.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates 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 for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the firm earned $3.31 earnings per share. On average, equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.93%. NXP Semiconductors’s dividend payout ratio is 38.65%.

NXP Semiconductors Company 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.