Great Diamond Partners LLC Sells 396 Shares of NXP Semiconductors (NASDAQ:NXPI)

Great Diamond Partners LLC lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 24.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,230 shares of the semiconductor provider’s stock after selling 396 shares during the period. Great Diamond Partners LLC’s holdings in NXP Semiconductors were worth $295,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of NXPI. Vanguard Group Inc. increased its position in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after acquiring an additional 512,253 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Westfield Capital Management Co. LP grew its position in NXP Semiconductors by 974.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock worth $92,799,000 after acquiring an additional 339,678 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in NXP Semiconductors by 1,882.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after purchasing an additional 326,197 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Barclays boosted their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Cantor Fitzgerald lowered their target price on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Finally, TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $245.32 on Thursday. NXP Semiconductors has a one year low of $167.50 and a one year high of $296.08. The company has a market cap of $62.49 billion, a PE ratio of 22.93, a P/E/G ratio of 2.63 and a beta of 1.49. The stock has a 50-day moving average of $238.05 and a 200-day moving average of $252.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.94%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company 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.