Quantbot Technologies LP Sells 24,006 Shares of NXP Semiconductors (NASDAQ:NXPI)

Quantbot Technologies LP lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 84.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,581 shares of the semiconductor provider’s stock after selling 24,006 shares during the period. Quantbot Technologies LP’s holdings in NXP Semiconductors were worth $952,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. increased its position in NXP Semiconductors by 14.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider’s stock valued at $599,000 after acquiring an additional 311 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of NXP Semiconductors by 21.3% in the third quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider’s stock valued at $8,432,000 after purchasing an additional 6,164 shares in the last quarter. Kingsview Wealth Management LLC raised its position in NXP Semiconductors by 26.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock worth $483,000 after purchasing an additional 416 shares during the last quarter. Larson Financial Group LLC lifted its holdings in NXP Semiconductors by 213.8% during the 3rd quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock worth $218,000 after buying an additional 618 shares in the last quarter. Finally, Boston Family Office LLC boosted its position in NXP Semiconductors by 22.6% in the 3rd quarter. Boston Family Office LLC now owns 1,140 shares of the semiconductor provider’s stock valued at $274,000 after buying an additional 210 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI opened at $211.33 on Wednesday. The company has a market capitalization of $53.60 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. The business’s 50-day moving average price is $215.56 and its two-hundred day moving average price is $222.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s payout ratio is presently 41.62%.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. JPMorgan Chase & Co. dropped their target price 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. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

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.