Clearbridge Investments LLC Has $17.84 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Clearbridge Investments LLC trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 17.7% during the fourth quarter, Holdings Channel reports. The fund owned 85,847 shares of the semiconductor provider’s stock after selling 18,419 shares during the quarter. Clearbridge Investments LLC’s holdings in NXP Semiconductors were worth $17,843,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its position in NXP Semiconductors by 1.4% during the 3rd quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock worth $4,564,000 after acquiring an additional 266 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth about $202,000. Hilltop Holdings Inc. boosted its stake in NXP Semiconductors by 218.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,497 shares of the semiconductor provider’s stock valued at $839,000 after purchasing an additional 2,400 shares during the period. HighTower Advisors LLC grew its holdings in NXP Semiconductors by 27.5% in the 3rd quarter. HighTower Advisors LLC now owns 192,684 shares of the semiconductor provider’s stock valued at $46,217,000 after buying an additional 41,603 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in NXP Semiconductors by 3.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,819 shares of the semiconductor provider’s stock worth $2,117,000 after buying an additional 265 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $193.67 on Thursday. NXP Semiconductors has a 1-year low of $183.56 and a 1-year high of $296.08. The firm’s 50-day moving average price is $213.23 and its two-hundred day moving average price is $221.21. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

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. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.09%. NXP Semiconductors’s dividend payout ratio is 41.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXPI. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.