NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,110 shares of the semiconductor provider's stock after selling 5,969 shares during the period. Sterling Capital Management LLC's holdings in NXP Semiconductors were worth $10,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC lifted its stake in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors during the fourth quarter worth about $32,000. Finally, Brooklyn Investment Group grew its position in NXP Semiconductors by 69.5% during 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. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.

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NXP Semiconductors Stock Down 2.5 %

NXP Semiconductors stock traded down $4.36 during midday trading on Wednesday, hitting $167.27. 1,998,307 shares of the company were exchanged, compared to its average volume of 2,562,933. The company has a market cap of $42.42 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company's fifty day moving average price is $203.61 and its 200-day moving average price is $216.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.42%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Citigroup dropped their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $263.50.

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.