Mediolanum International Funds Ltd Buys 40,115 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mediolanum International Funds Ltd raised its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 135.4% in the fourth quarter, HoldingsChannel reports. The fund owned 69,750 shares of the semiconductor provider’s stock after acquiring an additional 40,115 shares during the period. Mediolanum International Funds Ltd’s holdings in NXP Semiconductors were worth $14,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GDS Wealth Management grew its holdings in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter valued at about $13,445,000. Merit Financial Group LLC bought a new position in NXP Semiconductors during the fourth quarter worth about $360,000. Banque Cantonale Vaudoise raised its stake in 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NXPI. TD Cowen lowered their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $208.55 on Friday. The stock has a 50-day moving average price of $216.15 and a two-hundred day moving average price of $232.59. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The company has a market capitalization of $53.01 billion, a PE ratio of 19.90, a P/E/G ratio of 3.21 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 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 business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $3.31 EPS. The firm’s revenue 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. NXP Semiconductors’s payout ratio is 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.