Atlantic Union Bankshares Corp Sells 422 Shares of NXP Semiconductors (NASDAQ:NXPI)

Atlantic Union Bankshares Corp cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,312 shares of the semiconductor provider’s stock after selling 422 shares during the period. Atlantic Union Bankshares Corp’s holdings in NXP Semiconductors were worth $4,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NXP Semiconductors by 387.4% during 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 acquiring an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares in the last quarter. Assenagon Asset Management S.A. grew its position in NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in NXP Semiconductors in the 3rd quarter worth about $48,002,000. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, TD Cowen dropped their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $222.56 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The firm’s fifty day moving average is $216.19 and its 200 day moving average is $226.28. The firm has a market cap of $56.45 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend 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.