2 weeks Ago By ABMN Staff
Federated Hermes Inc. reduced its stake in NXP Semiconductors ( NASDAQ:NXPI – Free Report ) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,030 shares of the semiconductor provider’s stock after selling 617 shares during the quarter. Federated Hermes Inc.’s holdings in NXP Semiconductors were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Merit Financial Group LLC purchased a new stake in NXP Semiconductors in the fourth quarter worth approximately $360,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors during the 4th quarter valued at $46,000.
Austin Private Wealth LLC raised its position in NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period.
Asset Management One Co. Ltd. boosted its position in NXP Semiconductors by 2.
7% during the fourth quarter. Asset Management One Co. Ltd.
now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after buying an additional 2,609 shares during the period. Finally, Czech National Bank grew its stake in shares of NXP Semiconductors by 6.2% during the fourth quarter.
Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after buying an additional 3,216 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Analyst Ratings Changes NXPI has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th.
Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th.
Barclays decreased 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 report on Friday, January 17th.
Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Finally, Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $231.00 to $257.
00 in a report on Wednesday, February 12th. 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 company. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.
50. NXP Semiconductors Price Performance Shares of NXPI opened at $170.74 on Friday.
NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.
The firm’s 50-day simple moving average is $201.13 and its two-hundred day simple moving average is $214.97.
The stock has a market cap of $43.30 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.
01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.
09, a quick ratio of 1.60 and a current ratio of 2.36.
NXP Semiconductors Dividend Announcement The business also recently disclosed 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.
This represents a $4.06 dividend on an annualized basis and a yield of 2.38%.
The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.
Insider Buying and Selling at NXP Semiconductors In other news, COO Andrew Micallef sold 1,000 shares of the firm’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 completion of the transaction, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website .
0.11% of the stock is owned by company insiders. About NXP Semiconductors ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NXP Semiconductors ( NASDAQ:NXPI – Free Report ). Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter .
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