NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,847 shares of the semiconductor provider’s stock after selling 18,419 shares during the quarter. Clearbridge Investments LLC’s holdings in NXP Semiconductors were worth $17,843,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in shares of NXP Semiconductors by 25.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 9,595 shares of the semiconductor provider’s stock worth $2,012,000 after acquiring an additional 1,957 shares during the period. MV Capital Management Inc. lifted its position in NXP Semiconductors by 10.4% in the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider’s stock worth $145,000 after purchasing an additional 66 shares during the period. Allianz SE bought a new position in NXP Semiconductors during the 4th quarter valued at $1,832,000. Intrust Bank NA increased its position in shares of NXP Semiconductors by 7.0% during the 4th quarter. Intrust Bank NA now owns 4,843 shares of the semiconductor provider’s stock valued at $1,007,000 after purchasing an additional 318 shares during the period. Finally, Allstate Corp bought a new stake in shares of NXP Semiconductors in the 4th quarter worth $1,579,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXPI. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Mizuho lifted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Up 1.9 %

NXP Semiconductors stock opened at $193.67 on Thursday. NXP Semiconductors has a twelve month low of $183.56 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $49.12 billion, a PE ratio of 19.90, a P/E/G ratio of 3.01 and a beta of 1.47. The firm’s 50 day moving average price is $213.23 and its two-hundred day moving average price is $221.21.

NXP Semiconductors Announces Dividend

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. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.09%. NXP Semiconductors’s dividend payout ratio is 41.62%.

Insider Activity at NXP Semiconductors

In related 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 transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

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.