 Rossby Financial LCC lowered its holdings in  NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 28.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor  owned 170 shares of the semiconductor provider’s stock after selling 67 shares during the quarter. Rossby Financial LCC’s holdings in NXP Semiconductors were worth $37,000 at the end of the most recent reporting period.
Rossby Financial LCC lowered its holdings in  NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 28.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor  owned 170 shares of the semiconductor provider’s stock after selling 67 shares during the quarter. Rossby Financial LCC’s holdings in NXP Semiconductors were worth $37,000 at the end of the most recent reporting period. 
Several other large investors have also modified their holdings of NXPI. Wellington Management Group LLP raised its holdings in shares of NXP Semiconductors by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares in the last quarter. Nuveen LLC bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at about $219,878,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NXP Semiconductors by 33.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after purchasing an additional 839,113 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of NXP Semiconductors by 20.0% in the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after buying an additional 567,831 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in shares of NXP Semiconductors by 44.7% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock worth $328,852,000 after buying an additional 534,404 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 3.9%
NXPI stock opened at $204.71 on Thursday. The firm’s fifty day simple moving average is $224.14 and its 200-day simple moving average is $213.97. The company has a market capitalization of $51.61 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.37 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 2.0%. NXP Semiconductors’s dividend payout ratio is currently 48.39%.
Wall Street Analyst Weigh In
NXPI has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research report on Tuesday. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.32.
Read Our Latest Analysis on NXPI
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president owned 4,958 shares of the company’s stock, valued at $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.
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.
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