HM Payson & Co. Sells 7,428 Shares of NXP Semiconductors (NASDAQ:NXPI)

HM Payson & Co. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,711 shares of the semiconductor provider’s stock after selling 7,428 shares during the period. HM Payson & Co.’s holdings in NXP Semiconductors were worth $26,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC raised its stake in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. raised its stake in NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares during the period. Van ECK Associates Corp raised its stake in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC raised its stake in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares during the period. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Performance

NXPI stock opened at $222.56 on Friday. The firm has a market cap of $56.45 billion, a PE ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 1.47. 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 business has a 50 day moving average of $216.19 and a 200-day moving average of $226.28. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 1.82%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

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.