Legal & General Group Plc reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 30.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,804,321 shares of the semiconductor provider's stock after selling 789,970 shares during the period. Legal & General Group Plc owned about 0.71% of NXP Semiconductors worth $375,028,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the fourth quarter valued at about $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after buying an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NXPI. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays cut their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $263.50.
Get Our Latest Research Report on NXPI
NXP Semiconductors Stock Up 1.9 %
Shares of NXPI stock traded up $3.20 during midday trading on Friday, reaching $168.79. 5,169,391 shares of the stock were exchanged, compared to its average volume of 2,567,082. The firm has a market cap of $42.81 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. 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 company's 50 day moving average is $205.37 and its two-hundred day moving average is $217.03. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.40%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.
Insider Buying and Selling at NXP Semiconductors
In related news, COO Andrew Micallef sold 1,000 shares of the 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company's stock.
NXP Semiconductors Profile
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Free Report)
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.
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