T. Rowe Price Investment Management Inc. Sells 381,491 Shares of NXP Semiconductors (NASDAQ:NXPI)

T. Rowe Price Investment Management Inc. decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,521,749 shares of the semiconductor provider’s stock after selling 381,491 shares during the period. T. Rowe Price Investment Management Inc. owned 1.39% of NXP Semiconductors worth $731,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after buying an additional 86,716 shares during the period. Vanguard Group Inc. boosted its position in NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock valued at $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after acquiring an additional 144,391 shares during the period. Geode Capital Management LLC grew its holdings in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after acquiring an additional 96,483 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $982,994,000 after acquiring an additional 269,656 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Up 1.8 %

Shares of NXP Semiconductors stock opened at $174.66 on Wednesday. NXP Semiconductors has a twelve month low of $148.09 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’s 50 day moving average is $199.27 and its 200 day moving average is $213.98. The company has a market cap of $44.30 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.32%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NXPI shares. 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. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $258.10.

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.