Corient Private Wealth LLC Sells 11,123 Shares of NXP Semiconductors (NASDAQ:NXPI)

Corient Private Wealth LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,778 shares of the semiconductor provider’s stock after selling 11,123 shares during the period. Corient Private Wealth LLC’s holdings in NXP Semiconductors were worth $7,229,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NXPI. LMR Partners LLP bought a new position in shares of NXP Semiconductors in the third quarter valued at $240,000. Avior Wealth Management LLC grew its position in shares of NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after acquiring an additional 142 shares during the period. Commerce Bank grew its position in shares of NXP Semiconductors by 1.2% in the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider’s stock valued at $1,815,000 after acquiring an additional 87 shares during the period. Advisors Asset Management Inc. increased its stake in shares of NXP Semiconductors by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider’s stock worth $5,202,000 after purchasing an additional 248 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in NXP Semiconductors by 31.8% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider’s stock valued at $573,000 after purchasing an additional 576 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was 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 directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Trading Down 2.3 %

Shares of NXP Semiconductors stock opened at $202.64 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. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company has a market capitalization of $51.39 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.01 and a beta of 1.47. The firm’s 50-day moving average price is $215.58 and its two-hundred day moving average price is $223.45.

NXP Semiconductors Dividend Announcement

The firm also recently declared 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 2.00%. NXP Semiconductors’s payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NXPI shares. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

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.