Financial Counselors Inc. Sells 388 Shares of NXP Semiconductors (NASDAQ:NXPI)

Financial Counselors Inc. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 18.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,742 shares of the semiconductor provider’s stock after selling 388 shares during the quarter. Financial Counselors Inc.’s holdings in NXP Semiconductors were worth $362,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $33,000. Sound Income Strategies LLC increased its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $32,000. Finally, Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 5.0 %

Shares of NXP Semiconductors stock opened at $189.99 on Friday. NXP Semiconductors has a 1-year low of $188.85 and a 1-year high of $296.08. The company’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $222.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NXPI shares. Truist Financial increased their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $231.00 to $257.00 in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently 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.