Zurcher Kantonalbank Zurich Cantonalbank Buys 26,659 Shares of NXP Semiconductors (NASDAQ:NXPI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 23.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,395 shares of the semiconductor provider's stock after buying an additional 26,659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of NXP Semiconductors worth $29,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Group LLC raised its stake in NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after buying an additional 46 shares during the period. Central Bank & Trust Co. grew its holdings in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares during the period. Parkside Financial Bank & Trust grew its holdings in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA boosted its holdings in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares during the period. Finally, Trustmark National Bank Trust Department boosted its holdings in shares of NXP Semiconductors by 6.8% in the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock worth $221,000 after acquiring an additional 59 shares during the period. Institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Stock Down 1.7 %

NXP Semiconductors stock traded down $3.43 during trading hours on Thursday, hitting $201.02. 1,792,029 shares of the stock traded hands, compared to its average volume of 2,311,183. The firm's 50-day moving average price is $216.00 and its two-hundred day moving average price is $224.99. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market cap of $50.98 billion, a PE ratio of 20.66, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.02%. NXP Semiconductors's payout ratio is 41.62%.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company started coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price target on the stock. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Barclays decreased their price objective on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target 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.