Loomis Sayles & Co. L P Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Loomis Sayles & Co. L P decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 156,133 shares of the semiconductor provider’s stock after selling 4,322 shares during the period. Loomis Sayles & Co. L P’s holdings in NXP Semiconductors were worth $32,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC grew its stake in 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 period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth about $33,000. Sound Income Strategies LLC increased its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the 4th quarter worth about $32,000. Finally, Smithfield Trust Co bought a new stake in NXP Semiconductors during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Barclays dropped their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insider Buying and Selling

In other NXP Semiconductors 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 value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $200.06 on Friday. The firm has a market cap of $50.74 billion, a PE ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47. The stock has a 50 day moving average of $215.18 and a 200 day moving average of $222.30. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $196.95 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently announced 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 2.03%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 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.