Russell Investments Group Ltd. Sells 16,356 Shares of NXP Semiconductors (NASDAQ:NXPI)

Russell Investments Group Ltd. reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271,660 shares of the semiconductor provider’s stock after selling 16,356 shares during the period. Russell Investments Group Ltd. owned 0.11% of NXP Semiconductors worth $56,459,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NXPI. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of NXP Semiconductors by 1.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,591 shares of the semiconductor provider’s stock worth $3,033,000 after buying an additional 183 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in NXP Semiconductors during the 4th quarter worth approximately $361,000. Oarsman Capital Inc. grew its holdings in NXP Semiconductors by 14.2% during the fourth quarter. Oarsman Capital Inc. now owns 988 shares of the semiconductor provider’s stock valued at $205,000 after purchasing an additional 123 shares during the period. Prudential PLC increased its stake in NXP Semiconductors by 11.5% in the fourth quarter. Prudential PLC now owns 93,134 shares of the semiconductor provider’s stock valued at $19,358,000 after purchasing an additional 9,601 shares in the last quarter. Finally, Pitcairn Co. raised its holdings in NXP Semiconductors by 3.9% in the fourth quarter. Pitcairn Co. now owns 11,505 shares of the semiconductor provider’s stock worth $2,391,000 after purchasing an additional 433 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on NXPI. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Susquehanna dropped their price target 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. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $160.81 on Monday. The company has a fifty day moving average price of $211.21 and a two-hundred day moving average price of $220.22. NXP Semiconductors has a one year low of $149.61 and a one year high of $296.08. The stock has a market cap of $40.78 billion, a P/E ratio of 16.53, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The firm 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 dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.