Atlantic Union Bankshares Corp Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Atlantic Union Bankshares Corp lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 institutional investors have also added to or reduced their stakes in NXPI. State Street Corp lifted its position in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. lifted its position in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after purchasing an additional 93,129 shares during the period. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $222.56 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market capitalization 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. The firm’s 50 day simple moving average is $216.19 and its two-hundred day simple moving average is $226.28.

NXP Semiconductors Announces Dividend

The company also recently declared 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 1.82%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Susquehanna reduced their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

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.