Johnson Investment Counsel Inc. Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Johnson Investment Counsel Inc. boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,466 shares of the semiconductor provider’s stock after purchasing an additional 70 shares during the period. Johnson Investment Counsel Inc.’s holdings in NXP Semiconductors were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HITE Hedge Asset Management LLC purchased a new position in NXP Semiconductors in the third quarter worth about $13,445,000. Merit Financial Group LLC purchased a new position in NXP Semiconductors in the fourth quarter worth about $360,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the fourth quarter worth about $46,000. Banque Cantonale Vaudoise boosted its position in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its position in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 0.7 %

NXPI stock opened at $204.45 on Thursday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market capitalization of $51.85 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.01 and a beta of 1.47. The business has a 50 day simple moving average of $216.10 and a two-hundred day simple moving average of $225.15.

NXP Semiconductors Dividend Announcement

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 given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.98%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of analyst reports. Needham & Company LLC reduced their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

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.