First Trust Advisors LP Sells 86,909 Shares of NXP Semiconductors (NASDAQ:NXPI)

First Trust Advisors LP reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 914,290 shares of the semiconductor provider’s stock after selling 86,909 shares during the period. First Trust Advisors LP’s holdings in NXP Semiconductors were worth $190,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp grew its stake in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Pictet Asset Management Holding SA raised its position in NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock worth $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in NXP Semiconductors by 10.2% during the 4th quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider’s stock worth $901,933,000 after buying an additional 402,672 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

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

NXP Semiconductors Trading Up 1.3 %

NXPI opened at $170.74 on Friday. The firm has a market capitalization of $43.30 billion, a PE ratio of 17.55, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company’s 50-day moving average is $201.13 and its 200 day moving average is $214.83.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.38%. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NXPI shares. Susquehanna decreased their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Citigroup lowered their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, Mizuho boosted 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 investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $261.50.

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.