First American Trust FSB Sells 177 Shares of NXP Semiconductors (NASDAQ:NXPI)

First American Trust FSB decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,004 shares of the semiconductor provider’s stock after selling 177 shares during the period. First American Trust FSB’s holdings in NXP Semiconductors were worth $417,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors during the fourth quarter valued at about $360,000. Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors during the fourth quarter valued at about $46,000. Austin Private Wealth LLC boosted its stake in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of NXP Semiconductors by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after purchasing an additional 2,609 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NXPI shares. Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Up 0.1 %

Shares of NXPI opened at $211.33 on Wednesday. The company’s fifty day simple moving average is $215.56 and its 200-day simple moving average is $222.57. The company has a market cap of $53.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. 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 twelve month low of $196.95 and a twelve month high of $296.08.

NXP Semiconductors Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

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.