Financial Counselors Inc. Sells 388 Shares of NXP Semiconductors (NASDAQ:NXPI)

Financial Counselors Inc. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,742 shares of the semiconductor provider’s stock after selling 388 shares during the quarter. Financial Counselors Inc.’s holdings in NXP Semiconductors were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co bought a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter valued at approximately $33,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on NXPI shares. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus reduced their target price on shares of 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, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This 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 link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 5.0 %

Shares of NXP Semiconductors stock opened at $189.99 on Friday. The company has a 50 day simple moving average of $214.68 and a two-hundred day simple moving average of $222.01. The firm has a market cap 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 1 year low of $188.85 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

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