Great Lakes Retirement Inc. Has $1.88 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Great Lakes Retirement Inc. boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,989 shares of the semiconductor provider’s stock after buying an additional 232 shares during the period. Great Lakes Retirement Inc.’s holdings in NXP Semiconductors were worth $1,877,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Portfolio Design Labs LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $209,000. Peterson Wealth Services lifted its position in NXP Semiconductors by 13.0% during the fourth quarter. Peterson Wealth Services now owns 1,998 shares of the semiconductor provider’s stock worth $415,000 after purchasing an additional 230 shares during the period. Core Alternative Capital grew its stake in NXP Semiconductors by 9.6% during the fourth quarter. Core Alternative Capital now owns 21,380 shares of the semiconductor provider’s stock worth $4,444,000 after buying an additional 1,875 shares in the last quarter. Regents Gate Capital LLP bought a new position in NXP Semiconductors in the 4th quarter valued at about $10,196,000. Finally, Elevate Capital Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter valued at about $1,620,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Barclays decreased their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. Finally, TD Cowen decreased their target price 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. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $264.45.

NXP Semiconductors Trading Up 0.4 %

NASDAQ:NXPI opened at $210.97 on Wednesday. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $53.62 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46. The firm has a fifty day simple moving average of $213.42 and a two-hundred day simple moving average of $228.99.

NXP Semiconductors Announces Dividend

The business 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. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 41.73%.

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.