Tower Research Capital LLC TRC Purchases 11,876 Shares of NXP Semiconductors (NASDAQ:NXPI)

Tower Research Capital LLC TRC lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,707 shares of the semiconductor provider's stock after acquiring an additional 11,876 shares during the quarter. Tower Research Capital LLC TRC's holdings in NXP Semiconductors were worth $6,798,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 377.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after purchasing an additional 325 shares during the period. Mirabella Financial Services LLP acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth about $736,000. MML Investors Services LLC grew its holdings in NXP Semiconductors by 1.7% during the fourth quarter. MML Investors Services LLC now owns 21,495 shares of the semiconductor provider's stock valued at $4,468,000 after purchasing an additional 359 shares during the last quarter. MetLife Investment Management LLC raised its holdings in NXP Semiconductors by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 62,801 shares of the semiconductor provider's stock worth $13,053,000 after acquiring an additional 1,028 shares during the period. Finally, Norinchukin Bank The boosted its holdings in NXP Semiconductors by 7.0% during the fourth quarter. Norinchukin Bank The now owns 13,436 shares of the semiconductor provider's stock valued at $2,793,000 after acquiring an additional 883 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded down $0.02 during mid-day trading on Friday, reaching $193.55. 2,485,588 shares of the company traded hands, compared to its average volume of 2,582,745. The company has a fifty day moving average price of $197.09 and a 200-day moving average price of $213.19. The company has a market capitalization of $49.09 billion, a P/E ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 41.62%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $258.10.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, 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 document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

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.