Citizens Financial Group Inc. RI Makes New $724,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Citizens Financial Group Inc. RI bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,485 shares of the semiconductor provider’s stock, valued at approximately $724,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new stake in NXP Semiconductors during the fourth quarter worth $32,000. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth $33,000. Finally, Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Finally, Susquehanna lowered their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Down 0.7 %

Shares of NASDAQ NXPI opened at $204.45 on Thursday. The company has a market capitalization of $51.85 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 business has a 50-day moving average of $216.10 and a two-hundred day moving average of $225.15. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared 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. This represents a $4.06 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

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.