NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,033 shares of the semiconductor provider’s stock after selling 130 shares during the period. Equitable Trust Co.’s holdings in NXP Semiconductors were worth $215,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. GDS Wealth Management boosted its stake in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after acquiring an additional 3,985 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $360,000. Banque Cantonale Vaudoise boosted its position in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC grew its stake in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.4 %

NASDAQ NXPI opened at $210.97 on Wednesday. The company has a market capitalization of $53.62 billion, a P/E ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 month 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 company’s 50 day simple moving average is $213.42 and its 200 day simple moving average is $228.99.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NXPI shares. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

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.