Act Two Investors LLC Sells 9,000 Shares of NXP Semiconductors (NASDAQ:NXPI)

Act Two Investors LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,830 shares of the semiconductor provider's stock after selling 9,000 shares during the quarter. NXP Semiconductors makes up 5.3% of Act Two Investors LLC's portfolio, making the stock its 6th largest position. Act Two Investors LLC owned 0.05% of NXP Semiconductors worth $27,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. Norges Bank bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $672,224,000. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after purchasing an additional 500,413 shares during the period. Finally, Invesco Ltd. lifted its stake in NXP Semiconductors by 10.2% in the fourth quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after buying an additional 402,672 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

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Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $3.89 during mid-day trading on Wednesday, hitting $167.74. 1,762,882 shares of the company's stock traded hands, compared to its average volume of 3,234,035. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 3.01 and a beta of 1.40. The firm has a 50 day simple moving average of $203.61 and a two-hundred day simple moving average of $216.20. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Susquehanna decreased their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $263.50.

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.