Vontobel Holding Ltd. Sells 3,047 Shares of NXP Semiconductors (NASDAQ:NXPI)

Vontobel Holding Ltd. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,365 shares of the semiconductor provider’s stock after selling 3,047 shares during the period. Vontobel Holding Ltd.’s holdings in NXP Semiconductors were worth $55,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NXPI. Asset Management One Co. Ltd. grew its stake in NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after purchasing an additional 2,609 shares during the period. Van ECK Associates Corp boosted its holdings in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in NXP Semiconductors by 3.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,167 shares of the semiconductor provider’s stock valued at $658,000 after buying an additional 92 shares during the period. Great Lakes Retirement Inc. increased its holdings in NXP Semiconductors by 2.6% during the fourth quarter. Great Lakes Retirement Inc. now owns 8,989 shares of the semiconductor provider’s stock worth $1,877,000 after buying an additional 232 shares during the last quarter. Finally, Portfolio Design Labs LLC bought a new stake in NXP Semiconductors in the fourth quarter worth about $209,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $219.59 on Friday. The company’s 50 day simple moving average is $213.00 and its two-hundred day simple moving average is $228.62. The stock has a market capitalization of $55.81 billion, a PE ratio of 22.57, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.73%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Susquehanna reduced their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Oppenheimer decreased their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.45.

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.