NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,847 shares of the semiconductor provider's stock after selling 18,419 shares during the quarter. Clearbridge Investments LLC's holdings in NXP Semiconductors were worth $17,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after buying an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after acquiring an additional 511,553 shares during the period. Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after acquiring an additional 500,413 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in NXP Semiconductors by 184.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 286,388 shares of the semiconductor provider's stock valued at $63,374,000 after acquiring an additional 185,688 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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NXP Semiconductors Trading Up 1.5 %

NXPI traded up $2.48 during midday trading on Monday, hitting $163.29. The company's stock had a trading volume of 6,562,751 shares, compared to its average volume of 2,492,617. NXP Semiconductors has a 52-week low of $152.37 and a 52-week high of $296.08. The firm has a 50-day moving average price of $210.18 and a two-hundred day moving average price of $219.69. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market cap of $41.41 billion, a P/E ratio of 16.78, a PEG ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

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 issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.48%. NXP Semiconductors's payout ratio is 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Susquehanna dropped their target price 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. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC reduced their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Buying and Selling

In other 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 transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by company insiders.

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.