Great Lakes Advisors LLC Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Great Lakes Advisors LLC lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,026 shares of the semiconductor provider’s stock after selling 660 shares during the quarter. Great Lakes Advisors LLC’s holdings in NXP Semiconductors were worth $4,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. bought a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. Marquette Asset Management LLC bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $29,000. Live Oak Investment Partners acquired a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $27,000. Finally, Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $42,000. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 11,394 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $199.80, for a total transaction of $2,276,521.20. Following the completion of the sale, the executive vice president now directly owns 27,569 shares of the company’s stock, valued at $5,508,286.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of NXP Semiconductors from $195.00 to $228.00 in a research note on Wednesday, July 26th. Truist Financial cut their target price on shares of NXP Semiconductors from $251.00 to $242.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Piper Sandler upped their target price on NXP Semiconductors from $180.00 to $230.00 in a report on Wednesday, July 26th. Evercore ISI cut their price target on NXP Semiconductors from $240.00 to $235.00 in a report on Thursday, October 5th. Finally, Morgan Stanley dropped their target price on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Hold” and a consensus price target of $223.88.

NXP Semiconductors Trading Up 1.2 %

Shares of NXPI stock opened at $203.34 on Tuesday. The stock has a 50-day simple moving average of $192.13 and a 200 day simple moving average of $195.56. The stock has a market capitalization of $52.41 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.96 and a beta of 1.56. NXP Semiconductors has a fifty-two week low of $150.90 and a fifty-two week high of $225.57. The company has a quick ratio of 1.38, a current ratio of 1.92 and a debt-to-equity ratio of 1.20.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 13th will be given a dividend of $1.014 per share. The ex-dividend date is Tuesday, December 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.99%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.63%.

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.