Atlantic Union Bankshares Corp cut its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 3.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,069 shares of the semiconductor provider’s stock after selling 722 shares during the period. Atlantic Union Bankshares Corp’s holdings in NXP Semiconductors were worth $4,166,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after buying an additional 1,330,474 shares in the last quarter. Nuveen LLC purchased a new position in NXP Semiconductors during the 1st quarter valued at about $219,878,000. Price T Rowe Associates Inc. MD boosted its stake in NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock worth $635,310,000 after acquiring an additional 839,113 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in NXP Semiconductors by 20.0% in the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after purchasing an additional 567,831 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of NXP Semiconductors by 44.7% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock valued at $328,852,000 after purchasing an additional 534,404 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
NXPI stock opened at $206.45 on Friday. The stock’s 50 day simple moving average is $220.88 and its 200 day simple moving average is $215.23. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The stock has a market capitalization of $51.96 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.53 and a beta of 1.47.
NXP Semiconductors Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.12%.
Insider Transactions at NXP Semiconductors
In other news, President Rafael Sotomayor sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the transaction, the president directly owned 4,958 shares of the company’s stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the transaction, the executive vice president owned 19,175 shares in the company, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,372 shares of company stock worth $2,388,438 over the last three months. 0.12% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NXPI shares. Evercore ISI lifted their target price on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Needham & Company LLC raised their price target on NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.11.
Check Out Our Latest Research Report on NXP Semiconductors
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.
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