abrdn plc Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

abrdn plc grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 558,482 shares of the semiconductor provider’s stock after purchasing an additional 20,031 shares during the period. abrdn plc owned approximately 0.22% of NXP Semiconductors worth $116,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $33,000. Brooklyn Investment Group lifted its stake in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.8 %

NXPI stock opened at $204.73 on Tuesday. The stock has a market capitalization of $52.03 billion, a P/E ratio of 19.54, a PEG ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The company has a 50 day moving average price of $215.79 and a two-hundred day moving average price of $231.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business earned $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.98%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Wall Street Analyst Weigh In

Several research firms recently commented on NXPI. Susquehanna dropped their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $260.00 to $257.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

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.