Bank of Montreal Can Sells 44,005 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bank of Montreal Can decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 369,682 shares of the semiconductor provider's stock after selling 44,005 shares during the quarter. Bank of Montreal Can owned 0.15% of NXP Semiconductors worth $76,838,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, 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 through this hyperlink. 0.11% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC cut their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.50.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $1.80 on Monday, hitting $170.59. 459,682 shares of the stock traded hands, compared to its average volume of 2,559,065. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company's fifty day moving average is $205.37 and its 200 day moving average is $217.03. The company has a market capitalization of $43.27 billion, a PE ratio of 17.53, a PEG ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.38%. NXP Semiconductors's payout ratio is 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.