Stifel Financial Corp Sells 8,172 Shares of NXP Semiconductors (NASDAQ:NXPI)

Stifel Financial Corp lowered its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,727 shares of the semiconductor provider's stock after selling 8,172 shares during the quarter. Stifel Financial Corp's holdings in NXP Semiconductors were worth $14,079,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC lifted its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after acquiring an additional 86,716 shares during the last quarter. Vanguard Group Inc. raised its stake in NXP Semiconductors by 0.8% during the 4th 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 lifted its holdings in shares of NXP Semiconductors by 1.8% in the fourth 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 purchasing an additional 144,391 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after buying an additional 269,656 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $6.21 during trading hours on Wednesday, reaching $180.87. 3,917,230 shares of the company's stock were exchanged, compared to its average volume of 2,581,096. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $45.87 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.01 and a beta of 1.40. The business has a fifty day moving average price of $199.27 and a 200-day moving average price of $213.98.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. 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 research report on Friday, April 11th. Susquehanna lowered their price objective 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. Barclays cut their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Four research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.10.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company's 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 approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

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.