Whittier Trust Co. Sells 10,938 Shares of NXP Semiconductors (NASDAQ:NXPI)

Whittier Trust Co. lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,851 shares of the semiconductor provider's stock after selling 10,938 shares during the quarter. Whittier Trust Co.'s holdings in NXP Semiconductors were worth $1,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ascent Group LLC increased its position in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. increased its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust raised its position in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after buying an additional 51 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares during the period. Finally, Trustmark National Bank Trust Department boosted its position in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider's stock worth $221,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

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NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $1.05 during trading hours on Tuesday, reaching $212.17. 582,208 shares of the company were exchanged, compared to its average volume of 2,287,834. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $53.81 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The business's 50 day simple moving average is $215.54 and its 200-day simple moving average is $222.68.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.91%. NXP Semiconductors's payout ratio is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research analyst reports. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

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.