Victory Capital Management Inc. Sells 3,293 Shares of NXP Semiconductors (NASDAQ:NXPI)

Victory Capital Management Inc. reduced its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,282 shares of the semiconductor provider's stock after selling 3,293 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of NXP Semiconductors worth $32,899,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 915.4% during the 4th 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. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $33,000. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after buying an additional 88 shares during the period. Brooklyn Investment Group increased its position in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after buying an additional 75 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NXPI shares. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC cut their target price 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. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $3.43 during trading on Thursday, hitting $201.02. 1,791,566 shares of the company were exchanged, compared to its average volume of 2,311,762. The company has a market cap of $50.98 billion, a PE ratio of 20.66, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a 50 day moving average of $216.10 and a 200 day moving average of $225.15.

NXP Semiconductors Announces Dividend

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

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.