First Bank & Trust reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 52.1% in the 4th quarter, HoldingsChannel reports. The firm owned 3,124 shares of the semiconductor provider’s stock after selling 3,404 shares during the quarter. First Bank & Trust’s holdings in NXP Semiconductors were worth $678,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Shelton Capital Management raised its holdings in shares of NXP Semiconductors by 16.1% in the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after acquiring an additional 11,577 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of NXP Semiconductors by 13.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after acquiring an additional 7,034 shares during the last quarter. Bourgeon Capital Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $1,310,000. Oliver Luxxe Assets LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $6,096,000. Finally, Schroder Investment Management Group raised its stake in NXP Semiconductors by 20.7% in the 2nd quarter. Schroder Investment Management Group now owns 209,445 shares of the semiconductor provider’s stock valued at $45,762,000 after purchasing an additional 35,956 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Up 0.6%
Shares of NASDAQ NXPI opened at $197.61 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.36. The stock’s 50-day simple moving average is $221.87 and its 200-day simple moving average is $219.49. The firm has a market cap of $49.93 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 0.88 and a beta of 1.45.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 51.13%.
Insider Buying and Selling
In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the sale, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have issued reports on NXPI shares. TD Cowen reduced their target price on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $240.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, February 4th. Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.67.
Read Our Latest Research Report on NXPI
About NXP Semiconductors
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.
See Also
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