Adage Capital Partners GP L.L.C. Reduces Holdings in NXP Semiconductors (NASDAQ:NXPI)

Adage Capital Partners GP L.L.C. lowered its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 202,508 shares of the semiconductor provider's stock after selling 37,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of NXP Semiconductors worth $42,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC grew its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in NXP Semiconductors during the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the 4th quarter valued at $32,000. Finally, Brooklyn Investment Group lifted its position in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $193.57 on Friday. The firm has a market cap of $49.09 billion, a P/E ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40. The firm's fifty day moving average is $197.79 and its 200 day moving average is $213.48. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.10%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Activity

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

Analyst Ratings Changes

NXPI has been the topic of a number of analyst reports. Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Barclays decreased their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday. Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Susquehanna cut their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $258.10.

NXP Semiconductors 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.

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