Bank Julius Baer & Co. Ltd Zurich Buys 185,688 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 184.4% during the 4th quarter, Holdings Channel reports. The fund owned 286,388 shares of the semiconductor provider’s stock after buying an additional 185,688 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in NXP Semiconductors were worth $63,374,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NXPI. Andra AP fonden boosted its position in shares of NXP Semiconductors by 1.5% during the fourth quarter. Andra AP fonden now owns 177,634 shares of the semiconductor provider’s stock worth $36,921,000 after purchasing an additional 2,634 shares in the last quarter. Hartford Funds Management Co LLC raised its stake in NXP Semiconductors by 15.6% during the 4th quarter. Hartford Funds Management Co LLC now owns 4,041 shares of the semiconductor provider’s stock worth $840,000 after buying an additional 546 shares during the period. E Fund Management Co. Ltd. lifted its holdings in NXP Semiconductors by 36.0% during the fourth quarter. E Fund Management Co. Ltd. now owns 8,250 shares of the semiconductor provider’s stock worth $1,715,000 after acquiring an additional 2,185 shares in the last quarter. Freestone Capital Holdings LLC grew its stake in NXP Semiconductors by 1.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 13,602 shares of the semiconductor provider’s stock valued at $2,827,000 after acquiring an additional 219 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $1,113,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NXPI shares. 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. JPMorgan Chase & Co. cut their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

Shares of NXPI opened at $222.56 on Friday. 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’s fifty day simple moving average is $216.19 and its 200 day simple moving average is $226.28. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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 1.82%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

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.