Avantax Advisory Services Inc. Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Avantax Advisory Services Inc. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,556 shares of the semiconductor provider's stock after selling 3,712 shares during the period. Avantax Advisory Services Inc.'s holdings in NXP Semiconductors were worth $4,273,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NXPI. Apollon Wealth Management LLC grew its position in shares of NXP Semiconductors by 29.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,068 shares of the semiconductor provider's stock valued at $1,216,000 after purchasing an additional 1,138 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in NXP Semiconductors by 10.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,552 shares of the semiconductor provider's stock worth $373,000 after acquiring an additional 149 shares in the last quarter. Aigen Investment Management LP grew its position in NXP Semiconductors by 43.4% in the third quarter. Aigen Investment Management LP now owns 1,473 shares of the semiconductor provider's stock worth $354,000 after acquiring an additional 446 shares in the last quarter. Aptus Capital Advisors LLC grew its position in NXP Semiconductors by 6.2% in the third quarter. Aptus Capital Advisors LLC now owns 1,691 shares of the semiconductor provider's stock worth $406,000 after acquiring an additional 98 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in NXP Semiconductors by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 5,444 shares of the semiconductor provider's stock worth $1,307,000 after acquiring an additional 969 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. Truist Financial upped their target price 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. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and upped their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Finally, Susquehanna lowered their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Trading Down 1.3 %

Shares of NASDAQ:NXPI traded down $2.73 during midday trading on Tuesday, hitting $207.10. 1,861,896 shares of the stock traded hands, compared to its average volume of 2,291,028. The stock has a market capitalization of $52.52 billion, a PE ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47. The business's 50 day moving average is $215.77 and its two-hundred day moving average is $223.71. 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 $198.21 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 41.62%.

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.