Factory Mutual Insurance Co. Purchases 59,800 Shares of NXP Semiconductors (NASDAQ:NXPI)

Factory Mutual Insurance Co. grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 109.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 114,400 shares of the semiconductor provider’s stock after buying an additional 59,800 shares during the quarter. Factory Mutual Insurance Co.’s holdings in NXP Semiconductors were worth $23,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GDS Wealth Management lifted its position in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $360,000. Banque Cantonale Vaudoise raised its holdings in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXPI. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Truist Financial lowered their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Down 1.3 %

NXPI opened at $208.55 on Friday. The company has a fifty day moving average price of $216.15 and a 200-day moving average price of $232.59. The firm has a market capitalization of $53.01 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. 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 has a one year low of $202.25 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.94%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.