Assenagon Asset Management S.A. Has $115.40 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Assenagon Asset Management S.A. lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1,172.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,189 shares of the semiconductor provider’s stock after acquiring an additional 511,553 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.22% of NXP Semiconductors worth $115,396,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NXPI. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $33,000. Fortitude Family Office LLC raised its holdings in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Avior Wealth Management LLC lifted its position in NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after buying an additional 142 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in NXP Semiconductors during the 3rd quarter worth about $58,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NXPI. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. UBS Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. Finally, Citic Securities began coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.19.

NXP Semiconductors Stock Up 1.8 %

Shares of NASDAQ NXPI opened at $210.63 on Wednesday. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market cap of $53.53 billion, a P/E ratio of 20.10, a P/E/G ratio of 4.37 and a beta of 1.47. The firm has a 50 day moving average price of $218.74 and a 200 day moving average price of $237.09.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 yield of 1.93%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

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.