Envestnet Asset Management Inc. Has $71.18 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Envestnet Asset Management Inc. reduced its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,437 shares of the semiconductor provider's stock after selling 64,764 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of NXP Semiconductors worth $71,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Central Bank & Trust Co. increased its stake in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust grew its position in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after purchasing an additional 53 shares during the last quarter. J. W. Coons Advisors LLC increased its position in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after buying an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of NXP Semiconductors by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after acquiring an additional 61 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $1.25 during trading on Tuesday, reaching $171.80. The company's stock had a trading volume of 391,517 shares, compared to its average volume of 2,557,775. The business's fifty day moving average price is $204.52 and its 200-day moving average price is $216.51. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The firm has a market cap of $43.57 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.36%. NXP Semiconductors's dividend payout ratio is 41.62%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $263.50.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the 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 completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

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.