Core Alternative Capital Purchases 1,875 Shares of NXP Semiconductors (NASDAQ:NXPI)

Core Alternative Capital lifted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,380 shares of the semiconductor provider's stock after buying an additional 1,875 shares during the quarter. Core Alternative Capital's holdings in NXP Semiconductors were worth $4,444,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. boosted its position in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in NXP Semiconductors by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 2.1 %

Shares of NXPI traded up $4.55 during mid-day trading on Friday, hitting $224.14. 3,085,358 shares of the company's stock were exchanged, compared to its average volume of 2,636,421. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market cap of $56.97 billion, a PE ratio of 23.04, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a 50-day simple moving average of $213.05 and a 200 day simple moving average of $228.56.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors's payout ratio is currently 41.62%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Oppenheimer lowered their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research report on Friday, October 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.