First Pacific Advisors LP Grows Stake in NXP Semiconductors (NASDAQ:NXPI)

First Pacific Advisors LP boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 783,232 shares of the semiconductor provider's stock after acquiring an additional 4,726 shares during the period. NXP Semiconductors comprises about 2.3% of First Pacific Advisors LP's holdings, making the stock its 17th biggest holding. First Pacific Advisors LP owned 0.31% of NXP Semiconductors worth $162,795,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NXPI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NXP Semiconductors by 23.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,395 shares of the semiconductor provider's stock valued at $29,597,000 after purchasing an additional 26,659 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of NXP Semiconductors by 26.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 4,845 shares of the semiconductor provider's stock worth $1,007,000 after buying an additional 1,018 shares in the last quarter. United Community Bank raised its position in shares of NXP Semiconductors by 32.8% in the fourth quarter. United Community Bank now owns 506 shares of the semiconductor provider's stock valued at $105,000 after buying an additional 125 shares during the last quarter. Personal CFO Solutions LLC raised its position in shares of NXP Semiconductors by 8.8% in the fourth quarter. Personal CFO Solutions LLC now owns 3,120 shares of the semiconductor provider's stock valued at $648,000 after buying an additional 252 shares during the last quarter. Finally, Lifeworks Advisors LLC lifted its stake in shares of NXP Semiconductors by 31.5% in the fourth quarter. Lifeworks Advisors LLC now owns 10,586 shares of the semiconductor provider's stock worth $2,200,000 after buying an additional 2,536 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an "overweight" rating and a $250.00 price objective for the company. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" 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 objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, Barclays cut their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Trading Down 1.7 %

NASDAQ NXPI traded down $3.43 during trading on Thursday, hitting $201.02. The stock had a trading volume of 1,792,029 shares, compared to its average volume of 2,311,764. The company has a market capitalization of $50.98 billion, a PE ratio of 20.66, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. 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 firm has a 50 day moving average price of $216.10 and a 200 day moving average price of $225.15.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

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.