Frank Rimerman Advisors LLC Sells 3,983 Shares of NXP Semiconductors (NASDAQ:NXPI)

Frank Rimerman Advisors LLC lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 60.1% in the fourth quarter, HoldingsChannel reports. The fund owned 2,645 shares of the semiconductor provider’s stock after selling 3,983 shares during the period. Frank Rimerman Advisors LLC’s holdings in NXP Semiconductors were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter worth approximately $33,000. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $32,000. Finally, Brooklyn Investment Group boosted its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Up 2.6 %

Shares of NASDAQ:NXPI opened at $206.16 on Monday. The company has a fifty day moving average of $215.95 and a 200-day moving average of $224.33. The company has a market capitalization of $52.29 billion, a PE ratio of 21.19, 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. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 1.97%. NXP Semiconductors’s dividend payout ratio (DPR) 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.