Truist Financial Corp Trims Position in NXP Semiconductors (NASDAQ:NXPI)

Truist Financial Corp cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,607 shares of the semiconductor provider’s stock after selling 9,266 shares during the quarter. Truist Financial Corp owned 0.06% of NXP Semiconductors worth $32,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NXPI. Crumly & Associates Inc. boosted its stake in NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the last quarter. Sterling Investment Counsel LLC boosted its position in shares of NXP Semiconductors by 5.7% during the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after acquiring an additional 46 shares during the last quarter. Ascent Group LLC boosted its position in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after acquiring an additional 46 shares during the last quarter. Central Bank & Trust Co. boosted its position in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after acquiring an additional 48 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its position in shares of NXP Semiconductors by 6.4% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after acquiring an additional 52 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 2.1 %

Shares of NASDAQ:NXPI opened at $228.86 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market capitalization of $58.17 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The firm’s 50-day moving average is $213.17 and its two-hundred day moving average is $227.79. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analyst Weigh In

NXPI has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Oppenheimer lowered their price target 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. Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $200.00 to $210.00 in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.75.

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.