NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Horizon Investments LLC

Horizon Investments LLC trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,485 shares of the semiconductor provider's stock after selling 3,464 shares during the period. Horizon Investments LLC's holdings in NXP Semiconductors were worth $724,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after buying an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth about $32,000. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth about $33,000. Finally, Brooklyn Investment Group increased its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

NXPI has been the topic of several research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

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Insider Buying and Selling at NXP Semiconductors

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

NXP Semiconductors Trading Up 5.2 %

NXPI traded up $10.48 during trading on Monday, hitting $211.12. 2,742,954 shares of the company's stock were exchanged, compared to its average volume of 2,288,081. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The stock has a 50 day moving average price of $215.46 and a 200 day moving average price of $222.86. The firm has a market cap of $53.54 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

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.