Allspring Global Investments Holdings LLC Has $54.30 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Allspring Global Investments Holdings LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 74.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,154 shares of the semiconductor provider’s stock after buying an additional 93,560 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of NXP Semiconductors worth $54,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after acquiring an additional 28,518 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of NXP Semiconductors by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock valued at $75,827,000 after buying an additional 3,262 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of NXP Semiconductors by 27.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after buying an additional 1,019 shares during the last quarter. Handelsbanken Fonder AB lifted its position in NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after buying an additional 34,131 shares in the last quarter. Finally, Heritage Wealth Management LLC bought a new stake in NXP Semiconductors during the 4th quarter worth about $845,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $272.04 on Wednesday. The stock’s fifty day simple moving average is $265.84 and its 200 day simple moving average is $243.61. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $69.56 billion, a PE ratio of 25.12, a PEG ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. On average, research analysts predict that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of research reports. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Argus increased their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer boosted their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their price target on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, UBS Group boosted their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $267.80.

NXP Semiconductors Company 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.