Cornercap Investment Counsel Inc. Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Cornercap Investment Counsel Inc. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,776 shares of the semiconductor provider’s stock after selling 131 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in NXP Semiconductors were worth $577,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Townsquare Capital LLC increased its position in NXP Semiconductors by 26.0% during the third quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock worth $1,127,000 after buying an additional 969 shares in the last quarter. Hantz Financial Services Inc. raised its stake in NXP Semiconductors by 1.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 10,212 shares of the semiconductor provider’s stock valued at $2,451,000 after purchasing an additional 111 shares during the last quarter. Captrust Financial Advisors lifted its holdings in NXP Semiconductors by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock valued at $4,564,000 after purchasing an additional 266 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $48,002,000. Finally, B&L Asset Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $5,119,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

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

NXP Semiconductors Price Performance

NXPI opened at $189.99 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. The company’s 50-day moving average price is $214.68 and its 200 day moving average price is $221.99. NXP Semiconductors has a fifty-two week low of $188.85 and a fifty-two week 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four investment 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 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.