Sumitomo Mitsui Trust Group Inc. Buys 8,153 Shares of NXP Semiconductors (NASDAQ:NXPI)

Sumitomo Mitsui Trust Group Inc. raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 916,677 shares of the semiconductor provider’s stock after buying an additional 8,153 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NXP Semiconductors were worth $190,531,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at $46,000. Telos Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 1.0% in the fourth quarter. Telos Capital Management Inc. now owns 53,723 shares of the semiconductor provider’s stock valued at $11,166,000 after buying an additional 512 shares in the last quarter. McHugh Group LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at $264,000. Financial Advocates Investment Management lifted its stake in shares of NXP Semiconductors by 62.4% in the fourth quarter. Financial Advocates Investment Management now owns 2,760 shares of the semiconductor provider’s stock valued at $574,000 after buying an additional 1,061 shares in the last quarter. Finally, Long Run Wealth Advisors LLC lifted its stake in shares of NXP Semiconductors by 5.0% in the fourth quarter. Long Run Wealth Advisors LLC now owns 15,916 shares of the semiconductor provider’s stock valued at $3,308,000 after buying an additional 755 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NXPI shares. UBS Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price for the company. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

NXPI opened at $212.93 on Friday. The company has a market capitalization of $54.12 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 3.14 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $214.22 and a 200-day moving average price of $230.15. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. NXP Semiconductors’s payout ratio is 38.74%.

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.