Johnson Investment Counsel Inc. Purchases 70 Shares of NXP Semiconductors (NASDAQ:NXPI)

Johnson Investment Counsel Inc. grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 3,466 shares of the semiconductor provider’s stock after buying an additional 70 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in NXP Semiconductors were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Ascent Group LLC raised its holdings in NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares during the period. Central Bank & Trust Co. raised its holdings in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust raised its holdings in NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after buying an additional 51 shares during the period. Private Trust Co. NA raised its holdings in NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after buying an additional 53 shares during the period. Finally, Trustmark National Bank Trust Department raised its holdings in NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after buying an additional 59 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent research reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. 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. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $204.45 on Thursday. The firm has a market cap of $51.85 billion, a P/E ratio of 21.01, a P/E/G ratio of 3.01 and a beta of 1.47. 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 stock’s fifty day moving average price is $216.10 and its 200-day moving average price is $225.15.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

NXP Semiconductors Company 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.