Chevy Chase Trust Holdings LLC Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Chevy Chase Trust Holdings LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 133,370 shares of the semiconductor provider’s stock after selling 3,221 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in NXP Semiconductors were worth $27,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GDS Wealth Management raised its holdings 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 valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at about $13,445,000. Merit Financial Group LLC purchased a new stake in NXP Semiconductors during the fourth quarter worth about $360,000. Banque Cantonale Vaudoise increased its holdings in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the last quarter. Finally, Austin Private Wealth LLC increased its holdings in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NXPI. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $231.00 to $257.00 in a report on Wednesday. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Price Performance

NXPI stock opened at $224.14 on Friday. The firm has a 50 day moving average of $213.05 and a 200-day moving average of $228.56. The company has a current ratio of 2.36, a quick ratio of 1.60 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 firm has a market capitalization of $56.97 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, December 5th. 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.