Great Lakes Retirement Inc. Buys 232 Shares of NXP Semiconductors (NASDAQ:NXPI)

Great Lakes Retirement Inc. increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,989 shares of the semiconductor provider’s stock after buying an additional 232 shares during the quarter. Great Lakes Retirement Inc.’s holdings in NXP Semiconductors were worth $1,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp grew its stake in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after buying an additional 724,951 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after buying an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after acquiring an additional 511,553 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $210.97 on Wednesday. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The firm’s 50 day moving average is $213.42 and its 200-day moving average is $228.99. The company has a market capitalization of $53.62 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is 41.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NXPI shares. Barclays decreased their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $231.00 to $257.00 in a research report on Wednesday. Finally, UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $264.45.

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.