Trillium Asset Management LLC Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Trillium Asset Management LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,077 shares of the semiconductor provider's stock after selling 1,472 shares during the quarter. Trillium Asset Management LLC owned 0.06% of NXP Semiconductors worth $29,115,000 as of its most recent SEC filing.

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

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NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $2.00 on Friday, hitting $200.64. 3,351,990 shares of the company were exchanged, compared to its average volume of 2,286,255. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. The stock's 50 day moving average price is $215.46 and its 200 day moving average price is $222.97. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $50.89 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the firm'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 transaction, the chief operating officer now owns 8,828 shares of the company's stock, 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 document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on NXPI. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. 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 note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $267.00.

About NXP Semiconductors

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.