Fort L.P. Sells 132 Shares of NXP Semiconductors (NASDAQ:NXPI)

Fort L.P. lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 984 shares of the semiconductor provider’s stock after selling 132 shares during the quarter. Fort L.P.’s holdings in NXP Semiconductors were worth $236,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Drive Wealth Management LLC raised its holdings in NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after buying an additional 39 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the period. Patten Group Inc. grew its position in shares of NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after buying an additional 42 shares during the period. West Paces Advisors Inc. grew its position in shares of NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after buying an additional 45 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NXPI. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays raised their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley lowered their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

NXP Semiconductors Trading Up 1.7 %

NXPI stock traded up $4.09 during midday trading on Friday, hitting $238.59. The company had a trading volume of 2,224,189 shares, compared to its average volume of 2,008,677. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52 week low of $173.31 and a 52 week high of $296.08. The stock’s 50 day moving average price is $237.56 and its 200 day moving average price is $252.97. The stock has a market cap of $60.78 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.54 and a beta of 1.49.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

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.