NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,776 shares of the semiconductor provider’s stock after selling 131 shares during the period. Cornercap Investment Counsel Inc.’s holdings in NXP Semiconductors were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. Townsquare Capital LLC grew its holdings in NXP Semiconductors by 26.0% during the third quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock worth $1,127,000 after acquiring an additional 969 shares during the period. Hantz Financial Services Inc. grew its stake in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 10,212 shares of the semiconductor provider’s stock worth $2,451,000 after purchasing an additional 111 shares during the last quarter. Captrust Financial Advisors lifted its stake in NXP Semiconductors by 1.4% during the third quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock valued at $4,564,000 after purchasing an additional 266 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in NXP Semiconductors during the third quarter worth approximately $48,002,000. Finally, B&L Asset Management LLC acquired a new position in NXP Semiconductors in the third quarter worth approximately $5,119,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $189.99 on Friday. NXP Semiconductors has a fifty-two week low of $188.85 and a fifty-two week high of $296.08. The stock’s 50-day moving average is $214.68 and its two-hundred day moving average is $221.99. The firm has a market cap of $48.19 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related 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 transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NXPI shares. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.00.

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.