First American Trust FSB Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

First American Trust FSB cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,004 shares of the semiconductor provider’s stock after selling 177 shares during the period. First American Trust FSB’s holdings in NXP Semiconductors were worth $417,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $13,445,000. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $46,000. Austin Private Wealth LLC grew its position in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Up 0.1 %

NXPI stock opened at $211.33 on Wednesday. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The business’s 50-day moving average is $215.56 and its two-hundred day moving average is $222.57. NXP Semiconductors has a fifty-two week low of $196.95 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

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 issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

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.