Swiss National Bank Sells 39,200 Shares of NXP Semiconductors (NASDAQ:NXPI)

Swiss National Bank reduced its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 719,629 shares of the semiconductor provider's stock after selling 39,200 shares during the quarter. Swiss National Bank owned approximately 0.28% of NXP Semiconductors worth $149,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 29.0% in the third quarter. Apollon Wealth Management LLC now owns 5,068 shares of the semiconductor provider's stock worth $1,216,000 after acquiring an additional 1,138 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of NXP Semiconductors in the third quarter worth $462,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of NXP Semiconductors by 10.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,552 shares of the semiconductor provider's stock worth $373,000 after acquiring an additional 149 shares during the period. Aigen Investment Management LP boosted its holdings in shares of NXP Semiconductors by 43.4% in the third quarter. Aigen Investment Management LP now owns 1,473 shares of the semiconductor provider's stock worth $354,000 after acquiring an additional 446 shares during the period. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of NXP Semiconductors by 6.2% in the third quarter. Aptus Capital Advisors LLC now owns 1,691 shares of the semiconductor provider's stock worth $406,000 after acquiring an additional 98 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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NXP Semiconductors Trading Up 2.6 %

NASDAQ:NXPI traded up $5.14 during mid-day trading on Friday, reaching $206.16. 2,771,372 shares of the company's stock traded hands, compared to its average volume of 2,307,878. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. 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 company has a 50 day moving average price of $215.95 and a 200-day moving average price of $224.68.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.97%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NXPI shares. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four equities 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $267.00.

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.