Boston Partners Sells 5,262 Shares of NXP Semiconductors (NASDAQ:NXPI)

Boston Partners cut its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 822,737 shares of the semiconductor provider's stock after selling 5,262 shares during the quarter. Boston Partners owned 0.32% of NXP Semiconductors worth $171,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Generali Asset Management SPA SGR bought a new position in NXP Semiconductors in the 4th quarter valued at approximately $2,059,000. Thrivent Financial for Lutherans lifted its holdings in shares of NXP Semiconductors by 23.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,905 shares of the semiconductor provider's stock valued at $3,098,000 after buying an additional 2,793 shares during the period. Parallel Advisors LLC lifted its holdings in shares of NXP Semiconductors by 4.4% during the 4th quarter. Parallel Advisors LLC now owns 1,740 shares of the semiconductor provider's stock valued at $362,000 after buying an additional 74 shares during the period. Cibc World Markets Corp lifted its holdings in shares of NXP Semiconductors by 182.7% during the 4th quarter. Cibc World Markets Corp now owns 113,636 shares of the semiconductor provider's stock valued at $23,619,000 after buying an additional 73,437 shares during the period. Finally, Signature Wealth Management Group lifted its holdings in shares of NXP Semiconductors by 3.0% during the 4th quarter. Signature Wealth Management Group now owns 7,480 shares of the semiconductor provider's stock valued at $1,555,000 after buying an additional 220 shares during the period. 90.54% of the stock is owned by institutional investors.

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NXP Semiconductors Trading Down 1.0 %

Shares of NASDAQ:NXPI traded down $2.00 during trading on Friday, reaching $200.64. The company's stock had a trading volume of 3,351,990 shares, compared to its average volume of 2,286,255. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $196.95 and a 12 month high of $296.08. The firm's 50 day simple moving average is $215.46 and its two-hundred day simple moving average is $222.97. The stock has a market capitalization of $50.89 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $267.00.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm'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 completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is 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.