Federated Hermes Inc. Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Federated Hermes Inc. grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,355 shares of the semiconductor provider’s stock after acquiring an additional 142 shares during the period. Federated Hermes Inc.’s holdings in NXP Semiconductors were worth $311,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in NXP Semiconductors by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock worth $10,848,000 after purchasing an additional 5,471 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of NXP Semiconductors by 4.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,769 shares of the semiconductor provider’s stock worth $754,000 after acquiring an additional 155 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of NXP Semiconductors by 9.0% in the 3rd quarter. Independent Advisor Alliance now owns 3,941 shares of the semiconductor provider’s stock worth $788,000 after acquiring an additional 325 shares in the last quarter. JB Capital LLC lifted its position in NXP Semiconductors by 190.6% during the 3rd quarter. JB Capital LLC now owns 43,354 shares of the semiconductor provider’s stock valued at $8,667,000 after acquiring an additional 28,433 shares during the period. Finally, WealthShield Partners LLC boosted its stake in NXP Semiconductors by 25.3% during the third quarter. WealthShield Partners LLC now owns 17,963 shares of the semiconductor provider’s stock worth $3,609,000 after acquiring an additional 3,632 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on NXPI shares. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Susquehanna lifted their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Evercore ISI increased their target price on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $257.72.

NXP Semiconductors Trading Up 1.4 %

Shares of NXPI stock opened at $257.85 on Friday. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The stock’s 50-day moving average price is $242.96 and its 200-day moving average price is $221.56. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Equities research analysts predict that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.49%.

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.