Massachusetts Financial Services Co. MA Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Massachusetts Financial Services Co. MA grew its position in NXP Semiconductors (NASDAQ:NXPI) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,046,230 shares of the semiconductor provider’s stock after purchasing an additional 144,391 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in NXP Semiconductors were worth $1,672,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. May Hill Capital LLC bought a new position in NXP Semiconductors in the 4th quarter worth $335,000. Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after acquiring an additional 96,483 shares during the period. Nemes Rush Group LLC grew its position in shares of NXP Semiconductors by 9.0% during the fourth quarter. Nemes Rush Group LLC now owns 32,730 shares of the semiconductor provider’s stock worth $6,803,000 after purchasing an additional 2,694 shares in the last quarter. Franklin Resources Inc. raised its stake in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after purchasing an additional 269,656 shares during the period. Finally, Cannell & Spears LLC lifted its holdings in NXP Semiconductors by 3.2% in the 4th quarter. Cannell & Spears LLC now owns 4,150 shares of the semiconductor provider’s stock worth $863,000 after purchasing an additional 128 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $190.00 on Wednesday. The stock has a 50 day moving average price of $213.67 and a 200 day moving average price of $221.40. NXP Semiconductors has a 52-week low of $183.56 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market capitalization of $48.19 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NXPI shares. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors 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.