PGGM Investments Sells 23,703 Shares of NXP Semiconductors (NASDAQ:NXPI)

PGGM Investments lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 89.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,671 shares of the semiconductor provider’s stock after selling 23,703 shares during the quarter. PGGM Investments’ holdings in NXP Semiconductors were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings in NXP Semiconductors by 29.0% in the third quarter. Apollon Wealth Management LLC now owns 5,068 shares of the semiconductor provider’s stock worth $1,216,000 after purchasing an additional 1,138 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in NXP Semiconductors by 10.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,552 shares of the semiconductor provider’s stock worth $373,000 after purchasing an additional 149 shares in the last quarter. Aigen Investment Management LP raised its holdings in NXP Semiconductors by 43.4% in the third quarter. Aigen Investment Management LP now owns 1,473 shares of the semiconductor provider’s stock worth $354,000 after purchasing an additional 446 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in NXP Semiconductors by 6.2% in the third quarter. Aptus Capital Advisors LLC now owns 1,691 shares of the semiconductor provider’s stock worth $406,000 after purchasing an additional 98 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in NXP Semiconductors by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 5,444 shares of the semiconductor provider’s stock worth $1,307,000 after purchasing an additional 969 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NXPI. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Trading Up 2.6 %

Shares of NASDAQ:NXPI opened at $206.16 on Friday. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock’s 50-day simple moving average is $215.95 and its two-hundred day simple moving average is $224.68. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.97%. NXP Semiconductors’s payout ratio is 41.62%.

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.