NXP Semiconductors (NASDAQ:NXPI) Holdings Lowered by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 334,732 shares of the semiconductor provider's stock after selling 66,654 shares during the period. Truist Financial Corp owned approximately 0.13% of NXP Semiconductors worth $76,881,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Caprock Group LLC raised its position in shares of NXP Semiconductors by 20.2% during the 3rd quarter. Caprock Group LLC now owns 2,622 shares of the semiconductor provider's stock valued at $527,000 after buying an additional 440 shares during the period. Handelsbanken Fonder AB increased its holdings in NXP Semiconductors by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 102,233 shares of the semiconductor provider's stock valued at $20,438,000 after purchasing an additional 971 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $471,000. Oak Harbor Wealth Partners LLC increased its holdings in NXP Semiconductors by 4.8% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 3,528 shares of the semiconductor provider's stock valued at $705,000 after purchasing an additional 160 shares during the last quarter. Finally, Manning & Napier Group LLC increased its holdings in NXP Semiconductors by 1.3% in the 3rd quarter. Manning & Napier Group LLC now owns 17,307 shares of the semiconductor provider's stock valued at $3,460,000 after purchasing an additional 228 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $4.62 during trading hours on Friday, hitting $242.70. 2,059,388 shares of the stock were exchanged, compared to its average volume of 2,041,337. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. NXP Semiconductors has a 12-month low of $155.31 and a 12-month high of $264.26. The stock has a 50-day moving average of $241.20 and a 200 day moving average of $219.86. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, equities research analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.67%. NXP Semiconductors's dividend payout ratio is currently 37.91%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NXPI shares. Evercore ISI started coverage on shares of NXP Semiconductors in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $300.00 price target for the company. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. StockNews.com upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $242.29.

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.