HighTower Advisors LLC Raises Position in NXP Semiconductors (NASDAQ:NXPI)

HighTower Advisors LLC lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,289 shares of the semiconductor provider's stock after purchasing an additional 7,605 shares during the period. HighTower Advisors LLC owned 0.08% of NXP Semiconductors worth $41,630,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of 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 purchasing an additional 139,641 shares during the period. Geode Capital Management LLC lifted its holdings in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. lifted its holdings in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after buying an additional 93,129 shares during the period. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock worth $655,453,000 after buying an additional 20,145 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

NXPI traded up $5.14 during midday trading on Friday, hitting $206.16. 2,771,372 shares of the company were exchanged, compared to its average volume of 2,293,743. The company's 50 day simple moving average is $215.95 and its 200 day simple moving average is $224.33. 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. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

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.