HM Payson & Co. Sells 7,428 Shares of NXP Semiconductors (NASDAQ:NXPI)

HM Payson & Co. reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,711 shares of the semiconductor provider’s stock after selling 7,428 shares during the quarter. HM Payson & Co.’s holdings in NXP Semiconductors were worth $26,129,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC boosted its position 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 buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% during the fourth 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 last quarter. Smithfield Trust Co acquired a new position in NXP Semiconductors during the fourth quarter valued at approximately $32,000. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group raised its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 3.8 %

NASDAQ NXPI opened at $222.56 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 twelve month low of $198.21 and a twelve month high of $296.08. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business’s fifty day moving average is $216.19 and its 200 day moving average is $226.28.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Needham & Company LLC lowered their price objective 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. TD Cowen lowered their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Truist Financial raised their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has an average 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.