Watchman Group Inc. Sells 104 Shares of NXP Semiconductors (NASDAQ:NXPI)

Watchman Group Inc. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,943 shares of the semiconductor provider’s stock after selling 104 shares during the period. Watchman Group Inc.’s holdings in NXP Semiconductors were worth $3,314,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $672,224,000. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the period. Assenagon Asset Management S.A. increased its position in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after buying an additional 511,553 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after purchasing an additional 500,413 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at $48,002,000. 90.54% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NXPI shares. Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Susquehanna cut their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Down 5.0 %

Shares of NASDAQ NXPI opened at $189.99 on Friday. NXP Semiconductors has a fifty-two week low of $188.85 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. The business’s 50 day moving average price is $214.68 and its 200-day moving average price is $221.99.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is 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.