Stephens Inc. AR Sells 8,348 Shares of NXP Semiconductors (NASDAQ:NXPI)

Stephens Inc. AR trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 42.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,375 shares of the semiconductor provider’s stock after selling 8,348 shares during the quarter. Stephens Inc. AR’s holdings in NXP Semiconductors were worth $2,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. GDS Wealth Management raised its stake in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after acquiring an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the 3rd quarter worth approximately $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $360,000. Banque Cantonale Vaudoise boosted its position in 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 buying an additional 9,710 shares during the last quarter. Finally, Austin Private Wealth LLC increased its stake 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 buying an additional 1,869 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial cut their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $210.97 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company’s 50 day moving average price is $213.42 and its two-hundred day moving average price is $228.99. The company has a market capitalization of $53.62 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

NXP Semiconductors 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.