Cerity Partners LLC Sells 6,252 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cerity Partners LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,880 shares of the semiconductor provider's stock after selling 6,252 shares during the quarter. Cerity Partners LLC's holdings in NXP Semiconductors were worth $6,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC boosted its position in NXP Semiconductors by 915.4% during 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 period. Sound Income Strategies LLC boosted its position in shares of NXP Semiconductors by 169.2% in the 4th 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 period. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $32,000. Finally, Brooklyn Investment Group boosted its stake in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

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NXP Semiconductors Stock Up 0.6 %

NXPI stock traded up $1.09 during trading hours on Tuesday, reaching $171.63. 1,923,014 shares of the stock were exchanged, compared to its average volume of 2,563,666. 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 has a market cap of $43.53 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm's 50-day moving average is $204.52 and its 200-day moving average is $216.51.

NXP Semiconductors Dividend Announcement

The firm 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 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NXPI shares. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup lowered their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday. Truist Financial boosted their price target 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, Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $263.50.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

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.