Bridgewater Associates LP Sells 35,900 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bridgewater Associates LP lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 96.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,501 shares of the semiconductor provider's stock after selling 35,900 shares during the period. Bridgewater Associates LP's holdings in NXP Semiconductors were worth $312,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NXPI. FMR LLC boosted its stake in shares of NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Vanguard Group Inc. increased its holdings in NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after acquiring an additional 269,656 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

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 value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXPI shares. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Barclays decreased their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced 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 dropped their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup reduced their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.10.

NXP Semiconductors Stock Up 6.9 %

NASDAQ:NXPI traded up $12.48 during trading hours on Thursday, hitting $193.35. 3,081,003 shares of the company traded hands, compared to its average volume of 2,585,338. The firm's 50-day simple moving average is $198.40 and its 200-day simple moving average is $213.76. The company has a market cap of $49.04 billion, a PE ratio of 19.87, a PEG ratio of 3.01 and a beta of 1.40. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

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

NXP Semiconductors Company 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.