Oliver Luxxe Assets LLC lowered its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 36.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,100 shares of the semiconductor provider’s stock after selling 9,667 shares during the period. Oliver Luxxe Assets LLC’s holdings in NXP Semiconductors were worth $3,712,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter worth about $26,000. CNB Bank purchased a new position in NXP Semiconductors during the third quarter valued at $28,000. Wexford Capital LP bought a new stake in NXP Semiconductors in the third quarter worth $31,000. Kelleher Financial Advisors purchased a new stake in shares of NXP Semiconductors in the third quarter worth $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in NXP Semiconductors during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 0.5%
NXP Semiconductors stock opened at $191.37 on Friday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.36. The stock has a fifty day moving average of $224.49 and a 200 day moving average of $220.14. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The stock has a market cap of $48.36 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 2.1%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 51.13%.
Analyst Upgrades and Downgrades
NXPI has been the subject of several recent analyst reports. Citigroup decreased their price target on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. TD Cowen dropped their price objective on NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $240.00 target price on shares of NXP Semiconductors in a research report on Wednesday, February 4th. Finally, Truist Financial lowered their target price on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $253.67.
Read Our Latest Stock Analysis on NXP Semiconductors
Insider Activity at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
Featured Articles
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
