NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,314 shares of the semiconductor provider's stock after acquiring an additional 1,384 shares during the quarter. Independent Advisor Alliance's holdings in NXP Semiconductors were worth $1,312,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the period. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after acquiring an additional 724,951 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after acquiring an additional 511,553 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in shares of NXP Semiconductors during the third quarter valued at about $48,002,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred 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 owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded up $1.29 during midday trading on Wednesday, reaching $207.38. 1,639,673 shares of the company's stock traded hands, compared to its average volume of 2,287,435. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a market cap of $52.60 billion, a P/E ratio of 21.31, a PEG ratio of 3.01 and a beta of 1.47. 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 company has a fifty day simple moving average of $215.77 and a two-hundred day simple moving average of $223.71.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. 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 1.96%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Analyst Ratings Changes

Several research firms have recently issued reports on NXPI. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price objective on the stock. Finally, The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment 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 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.