Wilmington Savings Fund Society FSB Lowers Holdings in NXP Semiconductors (NASDAQ:NXPI)

Wilmington Savings Fund Society FSB lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,822 shares of the semiconductor provider’s stock after selling 734 shares during the period. Wilmington Savings Fund Society FSB’s holdings in NXP Semiconductors were worth $1,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of NXP Semiconductors by 14.8% during the 3rd quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock valued at $1,211,000 after purchasing an additional 649 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in NXP Semiconductors by 4.3% during the third quarter. Valeo Financial Advisors LLC now owns 5,841 shares of the semiconductor provider’s stock valued at $1,402,000 after buying an additional 240 shares during the last quarter. First Affirmative Financial Network boosted its stake in NXP Semiconductors by 9.1% during the third quarter. First Affirmative Financial Network now owns 1,261 shares of the semiconductor provider’s stock valued at $303,000 after buying an additional 105 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in NXP Semiconductors by 2.4% during the 3rd quarter. Cardinal Capital Management Inc. now owns 100,185 shares of the semiconductor provider’s stock valued at $24,045,000 after buying an additional 2,377 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in NXP Semiconductors by 2,095.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider’s stock worth $1,317,000 after acquiring an additional 5,239 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NXPI shares. Truist Financial lowered their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Finally, Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $212.93 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $54.12 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The firm’s 50 day simple moving average is $213.89 and its 200-day simple moving average is $229.42. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.62%.

About NXP Semiconductors

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.