Prossimo Advisors LLC Sells 402 Shares of NXP Semiconductors (NASDAQ:NXPI)

Prossimo Advisors LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,712 shares of the semiconductor provider’s stock after selling 402 shares during the quarter. Prossimo Advisors LLC’s holdings in NXP Semiconductors were worth $564,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in NXP Semiconductors by 5.9% during the third quarter. Global Retirement Partners LLC now owns 2,083 shares of the semiconductor provider’s stock worth $500,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. boosted its holdings in NXP Semiconductors by 14.3% during the third quarter. Blue Trust Inc. now owns 2,881 shares of the semiconductor provider’s stock worth $691,000 after purchasing an additional 361 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth $214,000. Vest Financial LLC boosted its holdings in NXP Semiconductors by 59.1% during the third quarter. Vest Financial LLC now owns 2,530 shares of the semiconductor provider’s stock worth $607,000 after purchasing an additional 940 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in NXP Semiconductors by 45.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 239,982 shares of the semiconductor provider’s stock worth $57,598,000 after purchasing an additional 74,723 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NXPI shares. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.75.

NXP Semiconductors Stock Up 2.1 %

NXPI stock opened at $228.86 on Wednesday. The firm has a market capitalization of $58.17 billion, a PE ratio of 23.52, a PEG ratio of 2.75 and a beta of 1.46. The business’s 50 day simple moving average is $213.39 and its 200 day simple moving average is $227.73. 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 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.73%.

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.