Alliancebernstein L.P. lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,266,141 shares of the semiconductor provider's stock after selling 31,167 shares during the period. Alliancebernstein L.P. owned about 1.29% of NXP Semiconductors worth $678,867,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of NXPI. HITE Hedge Asset Management LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth $13,445,000. Merit Financial Group LLC bought a new position in shares of NXP Semiconductors in the 4th quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $46,000. Austin Private Wealth LLC grew its stake in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after purchasing an additional 1,869 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after purchasing an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and upped their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.
Check Out Our Latest Research Report on NXPI
NXP Semiconductors Trading Down 6.8 %
Shares of NASDAQ NXPI traded down $11.68 during midday trading on Friday, hitting $160.20. 2,298,349 shares of the company traded hands, compared to its average volume of 2,980,800. The firm has a market cap of $40.63 billion, a P/E ratio of 16.44, a P/E/G ratio of 3.01 and a beta of 1.47. The stock has a 50-day moving average price of $212.27 and a 200 day moving average price of $220.86. NXP Semiconductors has a 12-month low of $155.87 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.
NXP Semiconductors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.
Insiders Place Their Bets
In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.
About NXP Semiconductors
(
Free Report)
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.
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