Groupama Asset Managment Trims Holdings in NXP Semiconductors (NASDAQ:NXPI)

Groupama Asset Managment decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 91.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,021 shares of the semiconductor provider's stock after selling 11,509 shares during the period. Groupama Asset Managment's holdings in NXP Semiconductors were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. ORG Wealth Partners LLC boosted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC lifted its position in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth $32,000. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at $32,000. Finally, Brooklyn Investment Group raised its stake in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 6.4 %

NASDAQ:NXPI traded down $11.07 during trading hours on Friday, reaching $160.81. The company's stock had a trading volume of 6,448,979 shares, compared to its average volume of 2,476,330. 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 has a market capitalization of $40.78 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 3.01 and a beta of 1.40. The firm has a 50-day simple moving average of $211.21 and a 200-day simple moving average of $220.22. NXP Semiconductors has a 1 year low of $155.87 and a 1 year high of $296.08.

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NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 2.52%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Susquehanna cut their price target 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. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

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.