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

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

Several other large investors have also added to or reduced their stakes in NXPI. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at about $33,000. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after buying an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $5.14 during trading hours 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. NXP Semiconductors has a one year low of $198.21 and a one year 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 market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a 50 day simple moving average of $215.95 and a two-hundred day simple moving average of $224.33.

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NXP Semiconductors Dividend Announcement

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 issued 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 dividend payout ratio is currently 41.62%.

Analysts Set New Price Targets

NXPI has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $267.00.

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.