Princeton Capital Management LLC Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Princeton Capital Management LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,385 shares of the semiconductor provider's stock after selling 1,241 shares during the period. NXP Semiconductors accounts for 1.2% of Princeton Capital Management LLC's holdings, making the stock its 18th biggest position. Princeton Capital Management LLC's holdings in NXP Semiconductors were worth $3,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Avior Wealth Management LLC lifted its position in NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after acquiring an additional 142 shares during the period. Nicolet Advisory Services LLC boosted its position in NXP Semiconductors by 102.8% in the third quarter. Nicolet Advisory Services LLC now owns 1,474 shares of the semiconductor provider's stock valued at $344,000 after buying an additional 747 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in NXP Semiconductors by 14.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider's stock worth $599,000 after buying an additional 311 shares during the period. Cerity Partners LLC raised its position in NXP Semiconductors by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider's stock worth $8,432,000 after buying an additional 6,164 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in NXP Semiconductors by 26.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider's stock valued at $483,000 after acquiring an additional 416 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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NXP Semiconductors Trading Down 5.0 %

NASDAQ:NXPI traded down $10.07 on Friday, hitting $189.99. The stock had a trading volume of 4,260,658 shares, compared to its average volume of 2,423,696. The company has a fifty day moving average price of $214.68 and a two-hundred day moving average price of $221.99. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. 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 1-year low of $188.85 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors's payout ratio is 41.62%.

Insiders Place Their Bets

In other NXP Semiconductors 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 transaction of $204,860.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of research reports. Mizuho increased their price objective 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. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

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.