Zurcher Kantonalbank Zurich Cantonalbank Has $29.60 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,395 shares of the semiconductor provider’s stock after acquiring an additional 26,659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of NXP Semiconductors worth $29,597,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NXPI. Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. 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 note on Friday, January 17th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC decreased their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Down 6.2 %

Shares of NXPI opened at $208.84 on Tuesday. The company has a market capitalization of $52.97 billion, a PE ratio of 21.46, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The stock’s 50-day moving average price is $216.21 and its two-hundred day moving average price is $225.63. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 yield of 1.94%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 41.62%.

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.