Townsquare Capital LLC Sells 1,627 Shares of NXP Semiconductors (NASDAQ:NXPI)

Townsquare Capital LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 34.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,068 shares of the semiconductor provider's stock after selling 1,627 shares during the period. Townsquare Capital LLC's holdings in NXP Semiconductors were worth $638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXPI. Chelsea Counsel Co. lifted its position in NXP Semiconductors by 33.3% during the third quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider's stock valued at $72,000 after buying an additional 75 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in NXP Semiconductors by 2.6% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,000 shares of the semiconductor provider's stock valued at $960,000 after acquiring an additional 100 shares during the period. World Investment Advisors LLC lifted its position in NXP Semiconductors by 2,103.4% during the 3rd quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider's stock valued at $6,938,000 after acquiring an additional 27,597 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in NXP Semiconductors during the third quarter worth about $1,574,000. Finally, Tidal Investments LLC grew its holdings in NXP Semiconductors by 9.3% in the third quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider's stock worth $4,350,000 after purchasing an additional 1,542 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $258.10.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $6.21 on Wednesday, hitting $180.87. The stock had a trading volume of 3,917,230 shares, compared to its average volume of 2,581,097. The business's 50-day simple moving average is $199.27 and its two-hundred day simple moving average is $213.98. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 52-week low of $148.09 and a 52-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.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.24%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on 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 sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

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.