National Bank of Canada FI Sells 182,639 Shares of NXP Semiconductors (NASDAQ:NXPI)

National Bank of Canada FI trimmed its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 79.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 48,193 shares of the semiconductor provider's stock after selling 182,639 shares during the period. National Bank of Canada FI's holdings in NXP Semiconductors were worth $10,026,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Central Bank & Trust Co. raised its stake in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after buying an additional 48 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA boosted its position in shares of NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after purchasing an additional 53 shares during the last quarter. J. W. Coons Advisors LLC grew its stake in shares of NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after purchasing an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC grew its stake in shares of NXP Semiconductors by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after purchasing an additional 61 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. 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. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $267.00.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $20.28 on Thursday, hitting $165.59. The company's stock had a trading volume of 1,059,643 shares, compared to its average volume of 2,531,021. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a market capitalization of $42.00 billion, a PE ratio of 17.03, a PEG ratio of 3.01 and a beta of 1.40. The stock's 50 day moving average is $206.82 and its 200-day moving average is $218.13. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.45%. NXP Semiconductors's dividend payout ratio is presently 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.