NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,418 shares of the semiconductor provider’s stock after selling 50,564 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of NXP Semiconductors worth $39,074,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NXPI. Avidian Wealth Enterprises LLC grew its position in NXP Semiconductors by 3.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,167 shares of the semiconductor provider’s stock worth $658,000 after purchasing an additional 92 shares during the last quarter. Great Lakes Retirement Inc. boosted its position in shares of NXP Semiconductors by 2.6% during the fourth quarter. Great Lakes Retirement Inc. now owns 8,989 shares of the semiconductor provider’s stock worth $1,877,000 after buying an additional 232 shares during the period. Portfolio Design Labs LLC bought a new position in NXP Semiconductors in the 4th quarter worth approximately $209,000. Peterson Wealth Services increased its position in NXP Semiconductors by 13.0% in the 4th quarter. Peterson Wealth Services now owns 1,998 shares of the semiconductor provider’s stock valued at $415,000 after acquiring an additional 230 shares during the period. Finally, Core Alternative Capital raised its stake in NXP Semiconductors by 9.6% during the 4th quarter. Core Alternative Capital now owns 21,380 shares of the semiconductor provider’s stock valued at $4,444,000 after acquiring an additional 1,875 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $224.14 on Friday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The stock’s 50-day moving average price is $213.05 and its two-hundred day moving average price is $228.56. The company has a market cap of $56.97 billion, a PE ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analysts Set New Price Targets

A number of research analysts have recently commented on NXPI shares. Citigroup raised NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the company from $200.00 to $210.00 in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC cut their target price 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. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $264.45.

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.