Assetmark Inc. Acquires 4,456 Shares of NXP Semiconductors (NASDAQ:NXPI)

Assetmark Inc. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,749 shares of the semiconductor provider’s stock after buying an additional 4,456 shares during the period. Assetmark Inc.’s holdings in NXP Semiconductors were worth $7,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Franklin Resources Inc. grew its position in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of NXP Semiconductors by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Susquehanna reduced their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $222.56 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average is $216.19 and its two-hundred day moving average is $226.28. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market capitalization of $56.45 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 41.62%.

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.