Frank Rimerman Advisors LLC Sells 3,983 Shares of NXP Semiconductors (NASDAQ:NXPI)

Frank Rimerman Advisors LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 60.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,645 shares of the semiconductor provider’s stock after selling 3,983 shares during the period. Frank Rimerman Advisors LLC’s holdings in NXP Semiconductors were worth $550,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $360,000. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $46,000. Banque Cantonale Vaudoise raised its stake in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC raised 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 period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.6 %

NXP Semiconductors stock opened at $206.16 on Monday. 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 quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $52.29 billion, a P/E ratio of 21.19, a PEG ratio of 3.01 and a beta of 1.47. The stock has a 50-day simple moving average of $215.95 and a 200 day simple moving average of $224.33.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 1.97%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial lifted 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. Finally, Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

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.