HBK Sorce Advisory LLC Buys 68 Shares of NXP Semiconductors (NASDAQ:NXPI)

HBK Sorce Advisory LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,750 shares of the semiconductor provider’s stock after purchasing an additional 68 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NXP Semiconductors were worth $779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of 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 buying an additional 139,641 shares during the period. Geode Capital Management LLC boosted its position in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after acquiring an additional 57,762 shares during the last quarter. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares during the period. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of NXP Semiconductors by 0.7% in the 3rd 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. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Down 1.7 %

Shares of NXP Semiconductors stock opened at $201.02 on Friday. The company has a market capitalization of $50.98 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The stock has a fifty day simple moving average of $216.00 and a 200 day simple moving average of $224.99. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. NXP Semiconductors’s dividend payout ratio is currently 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.