Ashburton Jersey Ltd Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Ashburton Jersey Ltd decreased its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 61.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,240 shares of the semiconductor provider's stock after selling 40,423 shares during the period. NXP Semiconductors makes up about 2.3% of Ashburton Jersey Ltd's portfolio, making the stock its 16th biggest holding. Ashburton Jersey Ltd's holdings in NXP Semiconductors were worth $5,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $360,000. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth about $46,000. Austin Private Wealth LLC raised its stake in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after buying an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock valued at $21,068,000 after buying an additional 2,609 shares during the period. Finally, Czech National Bank boosted its stake in shares of NXP Semiconductors by 6.2% in the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock worth $11,454,000 after buying an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

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NXP Semiconductors Trading Up 0.6 %

NASDAQ NXPI traded up $1.05 on Friday, reaching $166.64. The stock had a trading volume of 2,331,766 shares, compared to its average volume of 2,553,307. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The stock has a fifty day moving average price of $206.04 and a two-hundred day moving average price of $217.66. The firm has a market capitalization of $42.26 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 3.01 and a beta of 1.40. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors 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 yield of 2.43%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm's 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 approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays decreased their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC reduced their price target on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

About NXP Semiconductors

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.