Wellington Management Group LLP Reduces Stake in NXP Semiconductors (NASDAQ:NXPI)

Wellington Management Group LLP reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,400,570 shares of the semiconductor provider’s stock after selling 958,270 shares during the quarter. Wellington Management Group LLP owned about 4.50% of NXP Semiconductors worth $2,369,608,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NXPI. ORG Wealth Partners LLC increased its position in 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 purchasing an additional 119 shares during the period. Sound Income Strategies LLC boosted its stake in shares of NXP Semiconductors by 169.2% during 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 in the last quarter. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the fourth quarter worth about $32,000. Finally, FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth about $33,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC cut their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 5.0 %

Shares of NXP Semiconductors stock opened at $189.99 on Monday. NXP Semiconductors has a 1-year low of $188.85 and a 1-year high of $296.08. The company’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $221.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

About NXP Semiconductors

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.