Hartford Investment Management Co. Sells 304 Shares of NXP Semiconductors (NASDAQ:NXPI)

Hartford Investment Management Co. decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,703 shares of the semiconductor provider’s stock after selling 304 shares during the period. Hartford Investment Management Co.’s holdings in NXP Semiconductors were worth $3,264,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Crumly & Associates Inc. increased its stake in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC increased its stake in shares of NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC increased its stake in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. increased its stake in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its stake in shares of NXP Semiconductors by 6.4% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock worth $207,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 4.2 %

NASDAQ:NXPI opened at $219.79 on Thursday. The company has a fifty day moving average of $213.08 and a 200 day moving average of $228.68. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $55.86 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 41.73%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NXPI. UBS Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Company 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.