NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 60.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,645 shares of the semiconductor provider's stock after selling 3,983 shares during the period. Frank Rimerman Advisors LLC's holdings in NXP Semiconductors were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at $13,445,000. Merit Financial Group LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter worth about $46,000. Banque Cantonale Vaudoise raised its position in shares of NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock worth $6,204,000 after acquiring an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC raised its position in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after acquiring an additional 1,869 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

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NXP Semiconductors Stock Down 2.3 %

NXP Semiconductors stock traded down $4.74 during mid-day trading on Thursday, reaching $202.64. 1,454,224 shares of the company's stock were exchanged, compared to its average volume of 2,284,125. The company has a market cap of $51.39 billion, a P/E ratio of 20.83, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $215.72 and a 200-day moving average of $223.59.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.00%. NXP Semiconductors's payout ratio is 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price objective for the company. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price 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. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.