NXP Semiconductors (NASDAQ:NXPI) Position Reduced by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,377 shares of the semiconductor provider’s stock after selling 250 shares during the period. Thoroughbred Financial Services LLC’s holdings in NXP Semiconductors were worth $1,533,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $46,000. Austin Private Wealth LLC grew its holdings in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after buying an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. raised its position in 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 valued at $21,068,000 after buying an additional 2,609 shares during the period. Finally, Czech National Bank lifted its stake in NXP Semiconductors by 6.2% in the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock worth $11,454,000 after acquiring an additional 3,216 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’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 transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NXPI shares. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup raised 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 research note on Thursday, February 20th. Finally, Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

NXPI opened at $160.81 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average price is $211.21 and its two-hundred day moving average price is $220.38. The firm has a market capitalization of $40.78 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12-month low of $155.87 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. NXP Semiconductors’s payout ratio is 41.62%.

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.