Truvestments Capital LLC Has $2.73 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Truvestments Capital LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,149 shares of the semiconductor provider’s stock after purchasing an additional 1,010 shares during the quarter. Truvestments Capital LLC’s holdings in NXP Semiconductors were worth $2,733,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after buying an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 27.1% in 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after buying an additional 724,951 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after buying an additional 511,553 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new position in NXP Semiconductors in the third quarter valued at about $48,002,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.5 %

Shares of NXPI stock opened at $205.80 on Wednesday. The company has a market cap of $52.19 billion, a P/E ratio of 21.15, a PEG ratio of 3.01 and a beta of 1.47. The stock has a 50 day simple moving average of $216.17 and a two-hundred day simple moving average of $225.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NXPI shares. Stifel Nicolaus dropped their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Truist Financial increased their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company started coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.