Sandy Spring Bank Sells 1,910 Shares of NXP Semiconductors (NASDAQ:NXPI)

Sandy Spring Bank trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,100 shares of the semiconductor provider's stock after selling 1,910 shares during the quarter. Sandy Spring Bank's holdings in NXP Semiconductors were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after buying an additional 1,823,650 shares during the period. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after acquiring an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $48,002,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Stock Up 0.7 %

NXP Semiconductors stock traded up $1.44 on Tuesday, hitting $212.56. 555,297 shares of the stock traded hands, compared to its average volume of 2,287,834. The business's fifty day simple moving average is $215.54 and its 200 day simple moving average is $222.68. The firm has a market cap of $53.91 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1 year low of $196.95 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. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's 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 sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NXPI. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target 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.