Brown Brothers Harriman & Co. Purchases 396 Shares of NXP Semiconductors (NASDAQ:NXPI)

Brown Brothers Harriman & Co. lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,187 shares of the semiconductor provider’s stock after acquiring an additional 396 shares during the period. Brown Brothers Harriman & Co.’s holdings in NXP Semiconductors were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. ORG Wealth Partners LLC grew its stake in 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 during the period. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $32,000. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $189.99 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $214.68 and a two-hundred day simple moving average of $221.93. NXP Semiconductors has a 1-year low of $188.85 and a 1-year high of $296.08. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company 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 dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s payout ratio is 41.62%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the 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 completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors 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.