LBP AM SA boosted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 132.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,960 shares of the semiconductor provider's stock after acquiring an additional 43,833 shares during the period. LBP AM SA's holdings in NXP Semiconductors were worth $15,996,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $33,000. Finally, Brooklyn Investment Group boosted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. 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 research report on Wednesday, February 5th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $267.00.
View Our Latest Stock Analysis on NXPI
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI traded up $5.14 during mid-day trading on Friday, reaching $206.16. 2,771,372 shares of the company's stock were exchanged, compared to its average volume of 2,293,743. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a 50-day moving average price of $215.95 and a two-hundred day moving average price of $224.49.
NXP Semiconductors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.
NXP Semiconductors Profile
(
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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