Advisors Asset Management Inc. Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Advisors Asset Management Inc. reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,364 shares of the semiconductor provider’s stock after selling 3,310 shares during the quarter. Advisors Asset Management Inc.’s holdings in NXP Semiconductors were worth $3,817,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $360,000. Strategic Financial Concepts LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $46,000. Austin Private Wealth LLC raised its stake in NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after purchasing an additional 2,609 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, 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 through this link. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Down 2.3 %

Shares of NASDAQ:NXPI opened at $202.64 on Friday. The business has a 50-day moving average price of $215.58 and a 200 day moving average price of $223.45. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $51.39 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

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 issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

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.