Commonwealth Equity Services LLC Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Commonwealth Equity Services LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 69,698 shares of the semiconductor provider’s stock after acquiring an additional 1,254 shares during the period. Commonwealth Equity Services LLC’s holdings in NXP Semiconductors were worth $14,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC raised its stake in shares of NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider’s stock valued at $779,000 after acquiring an additional 68 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of NXP Semiconductors by 0.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 58,584 shares of the semiconductor provider’s stock worth $12,154,000 after purchasing an additional 497 shares during the period. Tredje AP fonden raised its position in NXP Semiconductors by 21.5% in the fourth quarter. Tredje AP fonden now owns 233,820 shares of the semiconductor provider’s stock valued at $48,599,000 after purchasing an additional 41,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in NXP Semiconductors by 5.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,670 shares of the semiconductor provider’s stock worth $4,088,000 after purchasing an additional 959 shares in the last quarter. Finally, Truvestments Capital LLC lifted its stake in NXP Semiconductors by 8.3% during the fourth quarter. Truvestments Capital LLC now owns 13,149 shares of the semiconductor provider’s stock worth $2,733,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $209.83 on Tuesday. The stock’s 50-day simple moving average is $215.88 and its 200-day simple moving average is $224.05. The firm has a market capitalization of $53.22 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The business also recently disclosed 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 yield of 1.93%. NXP Semiconductors’s payout ratio is currently 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. 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 target on the stock. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Barclays reduced their target price on shares of 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.