Swiss National Bank Sells 39,200 Shares of NXP Semiconductors (NASDAQ:NXPI)

Swiss National Bank cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 719,629 shares of the semiconductor provider’s stock after selling 39,200 shares during the quarter. Swiss National Bank owned about 0.28% of NXP Semiconductors worth $149,575,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NXPI. HITE Hedge Asset Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at about $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $360,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the 4th quarter worth approximately $46,000. Banque Cantonale Vaudoise lifted its position in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC boosted its stake in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXPI. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Susquehanna decreased their target price 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. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Citigroup raised shares of 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. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $201.02 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The stock’s 50-day simple moving average is $216.00 and its 200-day simple moving average is $224.99. The company has a market capitalization of $50.98 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 3.01 and a beta of 1.47.

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 paid a $1.014 dividend. The ex-dividend date 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%.

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.