Trust Investment Advisors Sells 567 Shares of NXP Semiconductors (NASDAQ:NXPI)

Trust Investment Advisors cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,020 shares of the semiconductor provider’s stock after selling 567 shares during the quarter. Trust Investment Advisors’ holdings in NXP Semiconductors were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ascent Group LLC boosted its stake in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. boosted 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 buying an additional 48 shares during the period. Parkside Financial Bank & Trust grew its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after acquiring an additional 51 shares during the last quarter. Private Trust Co. NA increased its position in shares of NXP Semiconductors by 5.8% in the fourth 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 during the period. Finally, J. W. Coons Advisors LLC raised its stake in shares of NXP Semiconductors by 2.1% during the fourth 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 last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

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 shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NXPI. Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC decreased their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. 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 and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $211.33 on Wednesday. The stock’s 50 day moving average is $215.56 and its 200 day moving average is $222.57. The company has a market capitalization of $53.60 billion, a P/E ratio of 21.72, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $196.95 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.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 1.92%. NXP Semiconductors’s payout ratio is presently 41.62%.

NXP Semiconductors Company 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.