Nemes Rush Group LLC Acquires 2,694 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nemes Rush Group LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,730 shares of the semiconductor provider's stock after buying an additional 2,694 shares during the period. Nemes Rush Group LLC's holdings in NXP Semiconductors were worth $6,803,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ascent Group LLC increased its position in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after acquiring an additional 46 shares during the period. Central Bank & Trust Co. grew its position in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA raised its position in shares of NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after buying an additional 53 shares in the last quarter. Finally, J. W. Coons Advisors LLC boosted its stake in shares of NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after buying an additional 60 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NXPI. Susquehanna dropped their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Mizuho upped their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $267.00.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the company's 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 directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Trading Down 6.4 %

Shares of NXP Semiconductors stock traded down $11.07 on Friday, reaching $160.81. 6,448,979 shares of the company's stock were exchanged, compared to its average volume of 2,476,330. The company has a market capitalization of $40.78 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $155.87 and a 52 week high of $296.08. 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 firm's 50-day moving average is $211.21 and its two-hundred day moving average is $220.30.

NXP Semiconductors Dividend Announcement

The business 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 dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, March 19th. 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.