Natixis Advisors LLC Has $89.10 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Natixis Advisors LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,674 shares of the semiconductor provider’s stock after selling 11,186 shares during the quarter. Natixis Advisors LLC owned about 0.17% of NXP Semiconductors worth $89,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HITE Hedge Asset Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $13,445,000. Merit Financial Group LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $46,000. Banque Cantonale Vaudoise grew its position in shares of 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 purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC grew its position in shares of NXP Semiconductors by 140.6% in 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 period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 2.6 %

NXPI opened at $206.16 on Friday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The stock’s fifty day simple moving average is $215.95 and its 200 day simple moving average is $224.49. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market cap of $52.29 billion, a PE ratio of 21.19, a price-to-earnings-growth 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. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Barclays cut their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.