Dimensional Fund Advisors LP Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Dimensional Fund Advisors LP boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 662,554 shares of the semiconductor provider’s stock after acquiring an additional 22,319 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of NXP Semiconductors worth $135,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXPI. Live Oak Investment Partners acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $27,000. Marquette Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at approximately $29,000. Finally, Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Insider Activity

In other news, EVP Jennifer Wuamett sold 11,394 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $199.80, for a total transaction of $2,276,521.20. Following the completion of the sale, the executive vice president now directly owns 27,569 shares of the company’s stock, valued at $5,508,286.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NXPI. StockNews.com began coverage on NXP Semiconductors in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Sanford C. Bernstein upped their price target on NXP Semiconductors from $175.00 to $210.00 in a research report on Wednesday, July 26th. UBS Group upped their price target on NXP Semiconductors from $195.00 to $228.00 in a research report on Wednesday, July 26th. Morgan Stanley dropped their target price on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Finally, Argus increased their target price on NXP Semiconductors from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $223.88.

NXP Semiconductors Trading Up 1.2 %

Shares of NXPI stock opened at $203.34 on Tuesday. The stock has a 50-day simple moving average of $192.13 and a 200 day simple moving average of $195.56. NXP Semiconductors has a fifty-two week low of $150.90 and a fifty-two week high of $225.57. The stock has a market capitalization of $52.41 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.96 and a beta of 1.56. The company has a quick ratio of 1.38, a current ratio of 1.92 and a debt-to-equity ratio of 1.20.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 13th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $4.06 annualized dividend and a yield of 1.99%. NXP Semiconductors’s dividend payout ratio is currently 37.63%.

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.