NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,660 shares of the semiconductor provider's stock after selling 16,356 shares during the period. Russell Investments Group Ltd. owned about 0.11% of NXP Semiconductors worth $56,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in NXP Semiconductors by 1.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,591 shares of the semiconductor provider's stock valued at $3,033,000 after purchasing an additional 183 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $361,000. Oarsman Capital Inc. boosted its stake in shares of NXP Semiconductors by 14.2% in the fourth quarter. Oarsman Capital Inc. now owns 988 shares of the semiconductor provider's stock worth $205,000 after buying an additional 123 shares during the last quarter. Prudential PLC grew its holdings in NXP Semiconductors by 11.5% during the fourth quarter. Prudential PLC now owns 93,134 shares of the semiconductor provider's stock worth $19,358,000 after acquiring an additional 9,601 shares during the period. Finally, Pitcairn Co. grew its holdings in NXP Semiconductors by 3.9% during the fourth quarter. Pitcairn Co. now owns 11,505 shares of the semiconductor provider's stock worth $2,391,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

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NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded up $3.20 during mid-day trading on Friday, reaching $168.79. The company's stock had a trading volume of 5,169,391 shares, compared to its average volume of 2,567,204. The stock has a 50-day moving average of $205.37 and a two-hundred day moving average of $217.20. 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 stock has a market capitalization of $42.81 billion, a P/E ratio of 17.35, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The firm 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 of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.40%. NXP Semiconductors's payout ratio is 41.62%.

Analyst Ratings Changes

NXPI has been the topic of several recent research reports. Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Barclays decreased their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $263.50.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the 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 completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

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.