Reynders McVeigh Capital Management LLC Trims Holdings in NXP Semiconductors (NASDAQ:NXPI)

Reynders McVeigh Capital Management LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,996 shares of the semiconductor provider’s stock after selling 167 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in NXP Semiconductors were worth $1,662,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust increased its position in NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA boosted its position in NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after acquiring an additional 53 shares in the last quarter. J. W. Coons Advisors LLC increased its holdings in shares of NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after acquiring an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC raised its position in shares of NXP Semiconductors by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider’s stock worth $4,180,000 after acquiring an additional 61 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NXPI shares. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price objective 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 equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $263.50.

NXP Semiconductors Stock Up 1.9 %

NXP Semiconductors stock opened at $168.79 on Friday. The business’s 50-day moving average price is $205.37 and its 200 day moving average price is $217.20. 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 firm has a market cap of $42.81 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Insider Activity at NXP Semiconductors

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 value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.11% of the company’s stock.

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.