Envestnet Asset Management Inc. Sells 64,764 Shares of NXP Semiconductors (NASDAQ:NXPI)

Envestnet Asset Management Inc. reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.9% during the fourth quarter, Holdings Channel reports. The fund owned 342,437 shares of the semiconductor provider’s stock after selling 64,764 shares during the period. Envestnet Asset Management Inc.’s holdings in NXP Semiconductors were worth $71,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ORG Wealth Partners LLC grew its holdings 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 worth $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Finally, Brooklyn Investment Group grew its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’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 owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI opened at $185.87 on Thursday. The stock has a 50-day moving average price of $206.82 and a 200-day moving average price of $218.13. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market cap of $47.14 billion, a PE ratio of 19.10, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Truist Financial lifted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Finally, Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Four investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

About NXP Semiconductors

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.