Artisan Partners Limited Partnership Buys 12,782 Shares of NXP Semiconductors (NASDAQ:NXPI)

Artisan Partners Limited Partnership increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,267 shares of the semiconductor provider’s stock after purchasing an additional 12,782 shares during the quarter. Artisan Partners Limited Partnership owned 0.12% of NXP Semiconductors worth $64,905,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC lifted its holdings 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 worth $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $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 valued at $29,000 after purchasing an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $32,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.8 %

Shares of NXPI stock opened at $200.06 on Friday. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08. The company has a 50-day simple moving average of $215.18 and a two-hundred day simple moving average of $222.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. 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 payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NXPI shares. Stifel Nicolaus dropped 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. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

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.