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

Stephens Inc. AR lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing 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 reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 last quarter. Franklin Resources Inc. grew its holdings in shares of 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 acquiring an additional 93,129 shares in the last quarter. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 67.2% in the third 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 last quarter. Finally, Janus Henderson Group PLC raised its holdings 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 in the last quarter. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC decreased their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Loop Capital initiated coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Barclays dropped 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. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Truist Financial cut their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $210.97 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $198.21 and a 12-month 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 firm has a market cap of $53.62 billion, a PE ratio of 21.68, a PEG 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. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.73%.

About NXP Semiconductors

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.