Chevy Chase Trust Holdings LLC decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,665 shares of the semiconductor provider’s stock after selling 4,772 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of NXP Semiconductors worth $29,301,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. CNB Bank bought a new stake in NXP Semiconductors during the third quarter valued at approximately $28,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $31,000. Delos Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $35,000. Community Bank N.A. purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth $37,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 153 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Price Performance
Shares of NXP Semiconductors stock opened at $190.86 on Monday. The firm has a market cap of $48.23 billion, a PE ratio of 24.04, a PEG ratio of 0.86 and a beta of 1.45. The stock has a 50 day moving average of $229.01 and a 200 day moving average of $221.54. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.36.
NXP Semiconductors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 2.1%. NXP Semiconductors’s dividend payout ratio is presently 51.13%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on NXPI shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $240.00 target price on shares of NXP Semiconductors in a research report on Wednesday, February 4th. Evercore lowered their price objective on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. KeyCorp increased their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Citigroup lowered their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $253.67.
Check Out Our Latest Research Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the transaction, the executive vice president owned 11,811 shares in the company, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by insiders.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
Featured Stories
- Five stocks we like better than NXP Semiconductors
- The $8,000 Gold Call Every Retirement Saver Needs to Read Right Now
- A personal warning from Martin Weiss (Please read)
- Elon Musk: This Could Turn $100 into $100,000
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s gold reserves are priced at $42. The real price is $6,000+.
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
