Cannell & Spears LLC Acquires 128 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cannell & Spears LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,150 shares of the semiconductor provider’s stock after acquiring an additional 128 shares during the quarter. Cannell & Spears LLC’s holdings in NXP Semiconductors were worth $863,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. ORG Wealth Partners LLC lifted its stake in 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 purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at $33,000. Sound Income Strategies LLC lifted its position 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 valued at $29,000 after buying an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter worth $32,000. Finally, Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.0 %

Shares of NXPI opened at $190.06 on Tuesday. The company’s fifty day simple moving average is $214.17 and its 200-day simple moving average is $221.68. The company has a market cap of $48.20 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $183.56 and a twelve month high of $296.08.

NXP Semiconductors Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on NXPI. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Barclays dropped their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $267.00.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on 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 sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $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 accessible through this link. Insiders own 0.11% of the company’s stock.

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.