L. Roy Papp & Associates LLP Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

L. Roy Papp & Associates LLP lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,868 shares of the semiconductor provider’s stock after selling 730 shares during the period. L. Roy Papp & Associates LLP’s holdings in NXP Semiconductors were worth $4,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Portfolio Design Labs LLC bought a new stake in NXP Semiconductors during the fourth quarter worth about $209,000. Peterson Wealth Services boosted its position in shares of NXP Semiconductors by 13.0% in the 4th quarter. Peterson Wealth Services now owns 1,998 shares of the semiconductor provider’s stock worth $415,000 after purchasing an additional 230 shares in the last quarter. Core Alternative Capital grew its stake in shares of NXP Semiconductors by 9.6% in the 4th quarter. Core Alternative Capital now owns 21,380 shares of the semiconductor provider’s stock worth $4,444,000 after buying an additional 1,875 shares during the last quarter. Regents Gate Capital LLP bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $10,196,000. Finally, Elevate Capital Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at $1,620,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Truist Financial reduced their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Morgan Stanley lowered their price objective on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.15.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $210.97 on Wednesday. The company has a 50-day moving average price of $213.42 and a 200-day moving average price of $228.99. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. 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 firm has a market capitalization of $53.62 billion, a P/E ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

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.