Codex Capital Asset Management L.L.C. Sells 2,000 Shares of NXP Semiconductors (NASDAQ:NXPI)

Codex Capital Asset Management L.L.C. cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the semiconductor provider's stock after selling 2,000 shares during the quarter. NXP Semiconductors accounts for about 1.0% of Codex Capital Asset Management L.L.C.'s investment portfolio, making the stock its 27th largest holding. Codex Capital Asset Management L.L.C.'s holdings in NXP Semiconductors were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its position in shares of NXP Semiconductors by 169.2% during 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 in the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group boosted its position in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $2.00 during mid-day trading on Friday, reaching $200.64. 3,351,990 shares of the stock traded hands, compared to its average volume of 2,286,255. The stock has a market capitalization of $50.89 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08. The business's 50-day moving average is $215.46 and its 200-day moving average is $222.86.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXPI. Needham & Company LLC dropped their price target on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors 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.