Swiss National Bank Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Swiss National Bank cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,629 shares of the semiconductor provider's stock after selling 39,200 shares during the period. Swiss National Bank owned about 0.28% of NXP Semiconductors worth $149,575,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% in the fourth 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 during the period. Sound Income Strategies LLC raised its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in NXP Semiconductors in the fourth quarter valued at $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 holdings 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 worth $33,000 after buying an additional 66 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the topic of a number of research reports. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Mizuho upped their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their target price for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price target on the stock. 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, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

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NXP Semiconductors Stock Performance

NXP Semiconductors stock traded up $5.14 during trading on Friday, hitting $206.16. The stock had a trading volume of 2,771,372 shares, compared to its average volume of 2,293,743. 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 stock's 50 day moving average is $215.95 and its two-hundred day moving average is $224.49. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The stock has a market cap 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 Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.97%. NXP Semiconductors's payout ratio is 41.62%.

About NXP Semiconductors

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.