Renaissance Investment Group LLC Has $8.42 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Renaissance Investment Group LLC reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,272 shares of the semiconductor provider’s stock after selling 522 shares during the quarter. NXP Semiconductors accounts for 2.5% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 14th biggest holding. Renaissance Investment Group LLC’s holdings in NXP Semiconductors were worth $8,419,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NXPI. Cibc World Market Inc. raised its stake in NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock valued at $5,443,000 after purchasing an additional 1,732 shares during the period. Dimensional Fund Advisors LP raised its stake in NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after purchasing an additional 21,672 shares during the period. Cetera Investment Advisers raised its stake in NXP Semiconductors by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after purchasing an additional 325 shares during the period. Sequoia Financial Advisors LLC raised its stake in NXP Semiconductors by 21.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after purchasing an additional 417 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after acquiring an additional 210,979 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NXPI shares. Truist Financial upped their price target on shares of NXP Semiconductors from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. UBS Group raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price target for the stock from $160.00 to $167.00 in a research note on Tuesday, January 10th. Citigroup upped their price target on shares of NXP Semiconductors from $150.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Cowen upped their price target on shares of NXP Semiconductors from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Finally, Stifel Nicolaus upped their price target on shares of NXP Semiconductors from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.95.

NXP Semiconductors Stock Down 1.2 %

Shares of NXPI opened at $177.29 on Friday. The stock has a market cap of $46.01 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 0.75 and a beta of 1.53. The company has a quick ratio of 1.58, a current ratio of 2.12 and a debt-to-equity ratio of 1.44. NXP Semiconductors has a 12 month low of $132.08 and a 12 month high of $198.28. The company has a 50-day moving average price of $179.82 and a two-hundred day moving average price of $166.20.

NXP Semiconductors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $1.014 per share. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, March 14th. This represents a $4.06 dividend on an annualized basis and a yield of 2.29%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.45%.

NXP Semiconductors Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.