Stanley Laman Group Ltd. Sells 893 Shares of NXP Semiconductors (NASDAQ:NXPI)

Stanley Laman Group Ltd. cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,109 shares of the semiconductor provider’s stock after selling 893 shares during the period. Stanley Laman Group Ltd.’s holdings in NXP Semiconductors were worth $3,972,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its position 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 valued at $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC lifted its stake in 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 purchasing an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group lifted its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NXPI. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $231.00 to $257.00 in a report on Wednesday. Susquehanna cut their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Stock Up 4.2 %

Shares of NXP Semiconductors stock opened at $219.79 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. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The firm’s 50-day moving average is $213.08 and its two-hundred day moving average is $228.68. The stock has a market cap of $55.86 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 41.73%.

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.