Lyrical Asset Management LP Sells 9,515 Shares of NXP Semiconductors (NASDAQ:NXPI)

Lyrical Asset Management LP lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,835 shares of the semiconductor provider’s stock after selling 9,515 shares during the period. Lyrical Asset Management LP’s holdings in NXP Semiconductors were worth $4,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of NXP Semiconductors by 1.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,591 shares of the semiconductor provider’s stock valued at $3,033,000 after acquiring an additional 183 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in NXP Semiconductors in the 4th quarter valued at about $361,000. Oarsman Capital Inc. grew its position in shares of NXP Semiconductors by 14.2% during the 4th quarter. Oarsman Capital Inc. now owns 988 shares of the semiconductor provider’s stock worth $205,000 after purchasing an additional 123 shares in the last quarter. Prudential PLC increased its holdings in shares of NXP Semiconductors by 11.5% during the fourth quarter. Prudential PLC now owns 93,134 shares of the semiconductor provider’s stock worth $19,358,000 after purchasing an additional 9,601 shares during the period. Finally, Pitcairn Co. raised its position in shares of NXP Semiconductors by 3.9% in the fourth quarter. Pitcairn Co. now owns 11,505 shares of the semiconductor provider’s stock valued at $2,391,000 after buying an additional 433 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Stifel Nicolaus dropped their price target 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. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note 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 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 company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $160.81 on Friday. The stock’s 50-day moving average is $211.21 and its 200-day moving average is $220.30. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1-year low of $155.87 and a 1-year high of $296.08. The stock has a market cap of $40.78 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. NXP Semiconductors’s dividend payout ratio 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.