Great Lakes Advisors LLC lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) by 2.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,026 shares of the semiconductor provider’s stock after selling 660 shares during the quarter. Great Lakes Advisors LLC’s holdings in NXP Semiconductors were worth $4,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Live Oak Investment Partners acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $26,000. Fortis Capital Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter worth approximately $27,000. Marquette Asset Management LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $29,000. Finally, Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors in the first quarter worth $42,000. Institutional investors own 90.21% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on NXPI. StockNews.com assumed coverage on shares of NXP Semiconductors in a research note on Thursday, October 5th. They set a “buy” rating for the company. Citigroup cut shares of NXP Semiconductors from a “neutral” rating to a “sell” rating and reduced their target price for the company from $216.00 to $150.00 in a research note on Wednesday, November 8th. Sanford C. Bernstein boosted their price target on NXP Semiconductors from $175.00 to $210.00 in a research note on Wednesday, July 26th. KeyCorp raised their price objective on NXP Semiconductors from $225.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. Finally, JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $240.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.88.
Insider Transactions at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 11,394 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $199.80, for a total transaction of $2,276,521.20. Following the transaction, the executive vice president now owns 27,569 shares in the company, valued at approximately $5,508,286.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.
NXP Semiconductors Stock Performance
NASDAQ:NXPI opened at $203.34 on Tuesday. The stock has a market capitalization of $52.41 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56. NXP Semiconductors has a 1 year low of $150.90 and a 1 year high of $225.57. The firm has a 50 day moving average of $192.13 and a 200-day moving average of $195.56. The company has a current ratio of 1.92, a quick ratio of 1.38 and a debt-to-equity ratio of 1.20.
NXP Semiconductors Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 13th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, December 12th. NXP Semiconductors’s dividend payout ratio is currently 37.63%.
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.
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