NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Princeton Capital Management LLC

Princeton Capital Management LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,385 shares of the semiconductor provider’s stock after selling 1,241 shares during the quarter. NXP Semiconductors comprises approximately 1.2% of Princeton Capital Management LLC’s portfolio, making the stock its 18th biggest position. Princeton Capital Management LLC’s holdings in NXP Semiconductors were worth $3,821,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC boosted its stake 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 buying an additional 88 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Finally, Smithfield Trust Co acquired a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial raised their target price 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. Finally, Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $211.12 on Tuesday. 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 company’s 50-day moving average price is $215.54 and its 200 day moving average price is $222.68. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The stock has a market cap of $53.54 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Insider Transactions at NXP Semiconductors

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