Brown Brothers Harriman & Co. Purchases 396 Shares of NXP Semiconductors (NASDAQ:NXPI)

Brown Brothers Harriman & Co. boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,187 shares of the semiconductor provider’s stock after purchasing an additional 396 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in NXP Semiconductors were worth $870,000 at the end of the most recent reporting period.

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

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $189.99 on Monday. The firm has a market capitalization 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 company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business’s 50-day moving average price is $214.68 and its 200-day moving average price is $221.93. NXP Semiconductors has a 12 month low of $188.85 and a 12 month high of $296.08.

NXP Semiconductors Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors 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 sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

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.