Advisors Asset Management Inc. Has $3.82 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Advisors Asset Management Inc. reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,364 shares of the semiconductor provider's stock after selling 3,310 shares during the quarter. Advisors Asset Management Inc.'s holdings in NXP Semiconductors were worth $3,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LMR Partners LLP acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $240,000. Avior Wealth Management LLC increased its position in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after purchasing an additional 142 shares during the last quarter. Commerce Bank raised its stake in shares of NXP Semiconductors by 1.2% during the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider's stock worth $1,815,000 after purchasing an additional 87 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of NXP Semiconductors by 31.8% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider's stock valued at $573,000 after buying an additional 576 shares during the last quarter. Finally, Trustmark National Bank Trust Department boosted its holdings in shares of NXP Semiconductors by 6.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock valued at $221,000 after buying an additional 59 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

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

Analyst Ratings Changes

NXPI has been the topic of several analyst reports. Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors Price Performance

Shares of NXPI traded up $0.21 during midday trading on Tuesday, hitting $211.33. The company's stock had a trading volume of 1,662,349 shares, compared to its average volume of 2,287,834. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08. The stock has a market capitalization of $53.60 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company's fifty day simple moving average is $215.54 and its two-hundred day simple moving average is $222.68.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

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.