Russell Investments Group Ltd. Has $56.46 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Russell Investments Group Ltd. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,660 shares of the semiconductor provider’s stock after selling 16,356 shares during the quarter. Russell Investments Group Ltd.’s holdings in NXP Semiconductors were worth $56,459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP increased its holdings in shares of NXP Semiconductors by 3,165.2% during the third quarter. Two Sigma Advisers LP now owns 150,200 shares of the semiconductor provider’s stock worth $36,050,000 after purchasing an additional 145,600 shares during the period. Kovitz Investment Group Partners LLC increased its stake in NXP Semiconductors by 96.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,669 shares of the semiconductor provider’s stock worth $2,321,000 after acquiring an additional 4,753 shares during the period. EP Wealth Advisors LLC raised its holdings in NXP Semiconductors by 44.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 5,218 shares of the semiconductor provider’s stock valued at $1,252,000 after acquiring an additional 1,613 shares in the last quarter. National Bank of Canada FI lifted its position in shares of NXP Semiconductors by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 230,832 shares of the semiconductor provider’s stock valued at $55,401,000 after acquiring an additional 11,915 shares during the period. Finally, DF Dent & Co. Inc. grew its holdings in shares of NXP Semiconductors by 21.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 3,774 shares of the semiconductor provider’s stock worth $906,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 6.4 %

NASDAQ NXPI opened at $160.81 on Monday. The firm has a market capitalization of $40.78 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The business’s 50-day moving average price is $211.21 and its two-hundred day moving average price is $220.22. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $149.61 and a 12 month high of $296.08.

NXP Semiconductors Announces Dividend

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

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Needham & Company LLC dropped their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four 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 stock. Based on data from MarketBeat.com, the company currently 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.