NXP Semiconductors (NASDAQ:NXPI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 914,290 shares of the semiconductor provider's stock after selling 86,909 shares during the period. First Trust Advisors LP owned about 0.36% of NXP Semiconductors worth $190,035,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Central Bank & Trust Co. grew its stake in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after purchasing an additional 48 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after buying an additional 51 shares in 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 buying an additional 53 shares during the last quarter. J. W. Coons Advisors LLC boosted its stake in NXP Semiconductors by 2.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after purchasing an additional 60 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NXPI. Needham & Company LLC dropped 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. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Citigroup decreased their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $258.10.

NXP Semiconductors Trading Up 3.6 %

NXP Semiconductors stock traded up $6.21 during mid-day trading on Wednesday, hitting $180.87. The company's stock had a trading volume of 3,917,230 shares, compared to its average volume of 2,581,097. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market cap of $45.87 billion, a PE ratio of 18.59, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a 50 day moving average of $199.27 and a 200-day moving average of $213.98. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Insiders Place Their Bets

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