HighPoint Advisor Group LLC Has $1.28 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

HighPoint Advisor Group LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,064 shares of the semiconductor provider’s stock after selling 796 shares during the quarter. HighPoint Advisor Group LLC’s holdings in NXP Semiconductors were worth $1,279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at $672,224,000. Van ECK Associates Corp boosted its position in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares in the last quarter. Pictet Asset Management Holding SA increased its position in NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $982,994,000 after purchasing an additional 269,656 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NXPI. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Truist Financial increased their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citigroup raised shares of 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. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reduced their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 0.0 %

NXPI stock opened at $190.00 on Wednesday. NXP Semiconductors has a twelve month low of $183.56 and a twelve month high of $296.08. 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 company has a market cap of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business’s 50-day simple moving average is $213.67 and its 200 day simple moving average is $221.40.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 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.