Van ECK Associates Corp Has $803.43 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 27.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,865,446 shares of the semiconductor provider’s stock after buying an additional 824,317 shares during the period. NXP Semiconductors makes up approximately 1.0% of Van ECK Associates Corp’s holdings, making the stock its 20th biggest holding. Van ECK Associates Corp’s holdings in NXP Semiconductors were worth $803,432,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NXPI. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 4.2 %

Shares of NXPI opened at $219.79 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $55.86 billion, a PE ratio of 22.59, a P/E/G ratio of 2.64 and a beta of 1.46. The firm’s 50 day moving average is $213.08 and its 200-day moving average is $228.68. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NXPI shares. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.45.

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.