NXP Semiconductors (NASDAQ:NXPI) Stock Position Lowered by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,980 shares of the semiconductor provider’s stock after selling 464 shares during the period. Cary Street Partners Asset Management LLC’s holdings in NXP Semiconductors were worth $2,875,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NXPI. Private Advisor Group LLC grew its stake in shares of NXP Semiconductors by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 14,232 shares of the semiconductor provider’s stock worth $3,526,000 after purchasing an additional 595 shares during the last quarter. Graypoint LLC bought a new stake in NXP Semiconductors during the first quarter worth approximately $226,000. Financial Counselors Inc. grew its position in NXP Semiconductors by 11.2% in the first quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock worth $603,000 after buying an additional 245 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of NXP Semiconductors by 4.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,235 shares of the semiconductor provider’s stock valued at $802,000 after buying an additional 132 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of NXP Semiconductors during the 1st quarter valued at $54,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NXPI shares. TD Cowen cut their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price for the company. Oppenheimer boosted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $288.90.

NXP Semiconductors Trading Down 0.7 %

Shares of NASDAQ:NXPI opened at $236.90 on Tuesday. NXP Semiconductors has a 1 year low of $178.19 and a 1 year high of $296.08. The firm has a fifty day moving average price of $237.30 and a 200 day moving average price of $253.27. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $60.35 billion, a PE ratio of 22.14, a P/E/G ratio of 2.59 and a beta of 1.49.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.