NXP Semiconductors (NASDAQ:NXPI) Stake Cut by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 24.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,778 shares of the semiconductor provider's stock after selling 11,123 shares during the period. Corient Private Wealth LLC's holdings in NXP Semiconductors were worth $7,229,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LMR Partners LLP purchased a new position in NXP Semiconductors in the 3rd quarter valued at about $240,000. Avior Wealth Management LLC boosted its position in NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after acquiring an additional 142 shares during the last quarter. Commerce Bank grew its stake in NXP Semiconductors by 1.2% in the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider's stock worth $1,815,000 after acquiring an additional 87 shares during the period. Advisors Asset Management Inc. grew its stake in NXP Semiconductors by 1.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider's stock worth $5,202,000 after acquiring an additional 248 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in NXP Semiconductors by 31.8% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider's stock valued at $573,000 after acquiring an additional 576 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

NXP Semiconductors Stock Up 0.1 %

NASDAQ:NXPI traded up $0.21 on Tuesday, reaching $211.33. The stock had a trading volume of 1,662,349 shares, compared to its average volume of 2,287,834. The company has a 50-day moving average of $215.54 and a 200 day moving average of $222.68. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market cap of $53.60 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction 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 sale, 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 legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Citigroup raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Finally, Needham & Company LLC cut their target price 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. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target 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.