NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Horizon Investments LLC

Horizon Investments LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,485 shares of the semiconductor provider’s stock after selling 3,464 shares during the period. Horizon Investments LLC’s holdings in NXP Semiconductors were worth $724,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ORG Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $33,000. Finally, Brooklyn Investment Group increased its stake in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Mizuho upped their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Up 0.1 %

Shares of NASDAQ NXPI opened at $207.38 on Thursday. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The business’s 50 day moving average is $215.72 and its two-hundred day moving average is $223.59.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

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.