Core Alternative Capital Acquires 1,875 Shares of NXP Semiconductors (NASDAQ:NXPI)

Core Alternative Capital lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,380 shares of the semiconductor provider’s stock after acquiring an additional 1,875 shares during the quarter. Core Alternative Capital’s holdings in NXP Semiconductors were worth $4,444,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. grew its stake in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its holdings in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the period. Finally, Janus Henderson Group PLC lifted its position in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after acquiring an additional 20,145 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NXPI shares. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Citigroup upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $200.00 to $210.00 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. Loop Capital initiated coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $263.15.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $210.05 on Tuesday. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock’s 50-day simple moving average is $213.89 and its 200 day simple moving average is $229.25. The firm has a market capitalization of $53.39 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The business also recently declared 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 of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors’s payout ratio is currently 41.73%.

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.