NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Princeton Capital Management LLC

Princeton Capital Management LLC trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,385 shares of the semiconductor provider’s stock after selling 1,241 shares during the period. NXP Semiconductors makes up about 1.2% of Princeton Capital Management LLC’s holdings, making the stock its 18th largest holding. Princeton Capital Management LLC’s holdings in NXP Semiconductors were worth $3,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $13,445,000. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the fourth quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $46,000. Austin Private Wealth LLC increased its position in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Up 5.2 %

NASDAQ:NXPI opened at $211.12 on Tuesday. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The stock has a market cap of $53.54 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.01 and a beta of 1.47. 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 50-day simple moving average of $215.54 and a 200-day simple moving average of $222.68.

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 $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

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.