Alliancebernstein L.P. Sells 31,167 Shares of NXP Semiconductors (NASDAQ:NXPI)

Alliancebernstein L.P. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,266,141 shares of the semiconductor provider’s stock after selling 31,167 shares during the period. Alliancebernstein L.P. owned approximately 1.29% of NXP Semiconductors worth $678,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Truist Financial lifted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

Shares of NXPI opened at $189.99 on Monday. The company has a 50 day moving average of $214.68 and a two-hundred day moving average of $221.93. The company has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 twelve month low of $187.75 and a twelve month high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.