Tredje AP fonden Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Tredje AP fonden raised its position in NXP Semiconductors (NASDAQ:NXPI) by 21.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 233,820 shares of the semiconductor provider’s stock after purchasing an additional 41,397 shares during the period. Tredje AP fonden’s holdings in NXP Semiconductors were worth $48,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter worth about $32,000. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth about $33,000. Finally, Brooklyn Investment Group grew its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 0.7 %

NASDAQ:NXPI opened at $204.45 on Thursday. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The firm has a 50 day moving average of $216.10 and a 200 day moving average of $225.15. 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 has a market capitalization of $51.85 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.98%. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. Susquehanna dropped their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Truist Financial upped their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.