NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Amundi

Amundi cut its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,489,134 shares of the semiconductor provider's stock after selling 379,291 shares during the period. Amundi owned about 0.59% of NXP Semiconductors worth $311,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after buying an additional 1,823,650 shares during the period. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after purchasing an additional 724,951 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $48,002,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $1.35 during mid-day trading on Wednesday, hitting $204.45. The stock had a trading volume of 2,288,090 shares, compared to its average volume of 2,313,228. 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 has a twelve month low of $198.21 and a twelve month high of $296.08. The firm has a market cap of $51.85 billion, a PE ratio of 21.01, a PEG ratio of 3.01 and a beta of 1.47. The company has a 50 day moving average of $216.17 and a two-hundred day moving average of $225.30.

NXP Semiconductors Dividend Announcement

The business also recently declared 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. This represents a $4.06 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NXPI. JPMorgan Chase & Co. cut their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Susquehanna dropped their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.00.

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.