Westpac Banking Corp Sells 2,861 Shares of NXP Semiconductors (NASDAQ:NXPI)

Westpac Banking Corp trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 58.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,058 shares of the semiconductor provider’s stock after selling 2,861 shares during the quarter. Westpac Banking Corp’s holdings in NXP Semiconductors were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Nicolet Advisory Services LLC increased its holdings in NXP Semiconductors by 8.7% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,602 shares of the semiconductor provider’s stock worth $331,000 after acquiring an additional 128 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NXP Semiconductors by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after purchasing an additional 144,391 shares in the last quarter. May Hill Capital LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $335,000. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the period. Finally, Nemes Rush Group LLC lifted its stake in shares of NXP Semiconductors by 9.0% during the 4th quarter. Nemes Rush Group LLC now owns 32,730 shares of the semiconductor provider’s stock valued at $6,803,000 after buying an additional 2,694 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of analyst reports. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Down 6.4 %

NXPI stock opened at $160.81 on Friday. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 16.53, 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 quick ratio of 1.60 and a current ratio of 2.36. The business’s 50 day moving average price is $211.21 and its two-hundred day moving average price is $220.38. NXP Semiconductors has a fifty-two week low of $155.87 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 dividend on an annualized basis and a yield of 2.52%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.