Fox Run Management L.L.C. Decreases Position in NXP Semiconductors (NASDAQ:NXPI)

Fox Run Management L.L.C. cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 32.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,615 shares of the semiconductor provider’s stock after selling 789 shares during the period. Fox Run Management L.L.C.’s holdings in NXP Semiconductors were worth $336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NXPI. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% during the 4th 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 period. Sound Income Strategies LLC lifted its position in shares of NXP Semiconductors by 169.2% during 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 purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Finally, FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth about $33,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 2.6 %

Shares of NASDAQ:NXPI opened at $205.75 on Thursday. 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 capitalization of $52.18 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.01 and a beta of 1.47. The business’s 50-day moving average is $215.40 and its 200 day moving average is $222.45. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

NXPI has been the topic of a number of research reports. Barclays reduced their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the company from $210.00 to $290.00 in a research report 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. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $267.00.

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.