American Century Companies Inc. Sells 80,413 Shares of NXP Semiconductors (NASDAQ:NXPI)

American Century Companies Inc. lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 49.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 83,153 shares of the semiconductor provider's stock after selling 80,413 shares during the period. American Century Companies Inc.'s holdings in NXP Semiconductors were worth $17,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ascent Group LLC lifted its holdings in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. raised its stake in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA boosted its holdings in NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after purchasing an additional 53 shares during the period. Finally, J. W. Coons Advisors LLC grew its position in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Citigroup raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's 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 of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NXPI stock traded down $11.07 during midday trading on Friday, reaching $160.81. 6,448,979 shares of the company's stock traded hands, compared to its average volume of 2,476,330. The company has a 50-day simple moving average of $211.21 and a two-hundred day simple moving average of $220.30. 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 1-year low of $155.87 and a 1-year high of $296.08. The company has a market cap of $40.78 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.52%. 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.