PNC Financial Services Group Inc. Sells 201 Shares of NXP Semiconductors (NASDAQ:NXPI)

PNC Financial Services Group Inc. trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 72,297 shares of the semiconductor provider’s stock after selling 201 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NXP Semiconductors were worth $15,027,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of NXP Semiconductors by 184.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 286,388 shares of the semiconductor provider’s stock worth $63,374,000 after buying an additional 185,688 shares during the period. Andra AP fonden increased its position in shares of NXP Semiconductors by 1.5% in the fourth quarter. Andra AP fonden now owns 177,634 shares of the semiconductor provider’s stock valued at $36,921,000 after acquiring an additional 2,634 shares during the period. Hartford Funds Management Co LLC raised its stake in shares of NXP Semiconductors by 15.6% during the fourth quarter. Hartford Funds Management Co LLC now owns 4,041 shares of the semiconductor provider’s stock valued at $840,000 after acquiring an additional 546 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 36.0% during the fourth quarter. E Fund Management Co. Ltd. now owns 8,250 shares of the semiconductor provider’s stock worth $1,715,000 after purchasing an additional 2,185 shares during the period. Finally, Freestone Capital Holdings LLC grew its stake in shares of NXP Semiconductors by 1.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 13,602 shares of the semiconductor provider’s stock worth $2,827,000 after purchasing an additional 219 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. 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. Finally, Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Down 6.2 %

Shares of NASDAQ:NXPI opened at $208.84 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $216.21 and a two-hundred day simple moving average of $225.63. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

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.