NXP Semiconductors (NASDAQ:NXPI) Position Reduced by HM Payson & Co.

HM Payson & Co. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,139 shares of the semiconductor provider’s stock after selling 11,624 shares during the period. HM Payson & Co. owned 0.05% of NXP Semiconductors worth $31,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management raised its holdings in NXP Semiconductors by 6.1% during the third quarter. Financial Advocates Investment Management now owns 1,699 shares of the semiconductor provider’s stock worth $408,000 after purchasing an additional 97 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in NXP Semiconductors by 6.7% during the third quarter. Diversify Wealth Management LLC now owns 2,459 shares of the semiconductor provider’s stock worth $581,000 after purchasing an additional 155 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in NXP Semiconductors by 4.0% during the third quarter. Pinnacle Associates Ltd. now owns 49,478 shares of the semiconductor provider’s stock worth $11,364,000 after purchasing an additional 1,918 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in NXP Semiconductors by 7.9% during the third quarter. First Trust Direct Indexing L.P. now owns 7,131 shares of the semiconductor provider’s stock worth $1,712,000 after purchasing an additional 521 shares in the last quarter. Finally, MONECO Advisors LLC increased its holdings in shares of NXP Semiconductors by 9.8% in the third quarter. MONECO Advisors LLC now owns 1,110 shares of the semiconductor provider’s stock valued at $266,000 after buying an additional 99 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXPI. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $275.00 to $285.00 in a report on Monday, October 7th. TD Cowen lowered their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Oppenheimer upped their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays upped their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $288.90.

NXP Semiconductors Trading Down 3.3 %

NXPI traded down $8.20 during trading on Thursday, reaching $237.12. 202,508 shares of the company’s stock were exchanged, compared to its average volume of 2,249,681. NXP Semiconductors has a one year low of $167.50 and a one year high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $60.40 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The firm has a fifty day moving average price of $238.05 and a two-hundred day moving average price of $252.88.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.94%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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.