NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 968,169 shares of the semiconductor provider's stock after selling 7,796 shares during the period. NXP Semiconductors comprises 2.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 15th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.38% of NXP Semiconductors worth $231,451,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NXPI. MONECO Advisors LLC boosted its position in NXP Semiconductors by 9.8% in the 3rd quarter. MONECO Advisors LLC now owns 1,110 shares of the semiconductor provider's stock valued at $266,000 after buying an additional 99 shares during the period. Integrated Advisors Network LLC grew its stake in NXP Semiconductors by 4.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 18,996 shares of the semiconductor provider's stock worth $4,559,000 after purchasing an additional 869 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in NXP Semiconductors by 110.2% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 3,231 shares of the semiconductor provider's stock worth $778,000 after purchasing an additional 1,694 shares during the period. abrdn plc raised its position in NXP Semiconductors by 0.9% in the 3rd quarter. abrdn plc now owns 538,451 shares of the semiconductor provider's stock valued at $128,275,000 after purchasing an additional 4,674 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 6.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 13,596 shares of the semiconductor provider's stock valued at $3,250,000 after buying an additional 803 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NXPI. UBS Group upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $275.00 to $285.00 in a report on Monday, October 7th. TD Cowen cut their price target on NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Citic Securities began coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price target for the company. Oppenheimer increased their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 12th. Finally, Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $288.90.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NXPI traded down $10.40 on Wednesday, reaching $245.18. The stock had a trading volume of 1,561,033 shares, compared to its average volume of 2,255,426. The firm has a 50-day moving average of $238.23 and a 200 day moving average of $252.93. The firm has a market capitalization of $62.45 billion, a PE ratio of 23.89, a PEG ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a twelve month low of $167.50 and a twelve month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.65%. NXP Semiconductors's dividend payout ratio is presently 37.94%.

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.