Skba Capital Management LLC Sells 1,300 Shares of NXP Semiconductors (NASDAQ:NXPI)

Skba Capital Management LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,710 shares of the semiconductor provider’s stock after selling 1,300 shares during the quarter. NXP Semiconductors makes up 1.6% of Skba Capital Management LLC’s portfolio, making the stock its 24th largest position. Skba Capital Management LLC’s holdings in NXP Semiconductors were worth $10,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Townsquare Capital LLC boosted its position in NXP Semiconductors by 26.0% in the 3rd quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock valued at $1,127,000 after buying an additional 969 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in NXP Semiconductors by 1.1% in the third quarter. Hantz Financial Services Inc. now owns 10,212 shares of the semiconductor provider’s stock valued at $2,451,000 after acquiring an additional 111 shares during the last quarter. Captrust Financial Advisors increased its position in NXP Semiconductors by 1.4% in the third quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock worth $4,564,000 after purchasing an additional 266 shares during the period. B&L Asset Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth about $5,119,000. Finally, FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

NXPI opened at $189.99 on Monday. 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 business’s 50-day simple moving average is $214.68 and its 200 day simple moving average is $221.93. The firm has a market capitalization of $48.19 billion, a PE ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52-week low of $188.85 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Analyst Ratings Changes

NXPI has been the topic of several analyst reports. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors 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.