Martin Investment Management LLC Sells 4,527 Shares of NXP Semiconductors (NASDAQ:NXPI)

Martin Investment Management LLC trimmed its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,642 shares of the semiconductor provider's stock after selling 4,527 shares during the period. NXP Semiconductors comprises about 1.6% of Martin Investment Management LLC's portfolio, making the stock its 25th largest holding. Martin Investment Management LLC's holdings in NXP Semiconductors were worth $5,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC boosted its holdings in shares of NXP Semiconductors by 26.0% during the 3rd quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider's stock worth $1,127,000 after purchasing an additional 969 shares during the last quarter. Captrust Financial Advisors boosted its stake in NXP Semiconductors by 1.4% during the third quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider's stock worth $4,564,000 after buying an additional 266 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $202,000. Hilltop Holdings Inc. increased its stake in shares of NXP Semiconductors by 218.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,497 shares of the semiconductor provider's stock worth $839,000 after acquiring an additional 2,400 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of NXP Semiconductors by 27.5% during the 3rd quarter. HighTower Advisors LLC now owns 192,684 shares of the semiconductor provider's stock worth $46,217,000 after acquiring an additional 41,603 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NXPI shares. JPMorgan Chase & Co. cut 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 report on Wednesday, February 5th. Barclays reduced 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. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and upped their price target for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated 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 in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 0.5 %

Shares of NASDAQ:NXPI traded down $0.85 during mid-day trading on Monday, hitting $159.96. The stock had a trading volume of 2,757,850 shares, compared to its average volume of 2,477,834. 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 has a 12-month low of $149.61 and a 12-month high of $296.08. The company's 50 day moving average is $211.21 and its 200-day moving average is $220.22. The company has a market cap of $40.57 billion, a PE ratio of 16.40, a P/E/G ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid 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 yield of 2.54%. NXP Semiconductors's payout ratio is presently 41.62%.

NXP Semiconductors Profile

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.