NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,400,570 shares of the semiconductor provider's stock after selling 958,270 shares during the quarter. Wellington Management Group LLP owned 4.50% of NXP Semiconductors worth $2,369,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXPI. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% during the fourth 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 last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Down 6.4 %

NXPI traded down $11.07 during midday trading on Friday, reaching $160.81. The company's stock had a trading volume of 6,448,979 shares, compared to its average volume of 2,472,909. 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 stock's 50-day moving average is $211.21 and its 200-day moving average is $220.38. NXP Semiconductors has a 1 year low of $155.87 and a 1 year high of $296.08. The firm has a market capitalization of $40.78 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 3.01 and a beta of 1.47.

Remove Ads

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 41.62%.

Analyst Ratings Changes

Several brokerages recently commented on NXPI. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Barclays dropped their price objective on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Needham & Company LLC lowered 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 note on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong 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.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.