Saturna Capital Corp Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Saturna Capital Corp cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,359 shares of the semiconductor provider’s stock after selling 175 shares during the period. Saturna Capital Corp’s holdings in NXP Semiconductors were worth $1,322,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.5 %

NXPI stock opened at $205.80 on Wednesday. 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 firm has a 50 day simple moving average of $216.17 and a 200-day simple moving average of $225.30. The company has a market capitalization of $52.19 billion, a P/E ratio of 21.15, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced 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 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NXPI shares. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.