Gardner Lewis Asset Management L P Sells 1,891 Shares of NXP Semiconductors (NASDAQ:NXPI)

Gardner Lewis Asset Management L P trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 14,379 shares of the semiconductor provider’s stock after selling 1,891 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in NXP Semiconductors were worth $2,989,000 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. Kingsview Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 26.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock worth $483,000 after buying an additional 416 shares during the period. Larson Financial Group LLC boosted its holdings in NXP Semiconductors by 213.8% during the third quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock valued at $218,000 after acquiring an additional 618 shares during the period. Private Trust Co. NA grew its position in shares of NXP Semiconductors by 12.5% in the third quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock valued at $220,000 after purchasing an additional 102 shares during the last quarter. Avestar Capital LLC increased its stake in shares of NXP Semiconductors by 15.1% in the third quarter. Avestar Capital LLC now owns 1,373 shares of the semiconductor provider’s stock worth $330,000 after purchasing an additional 180 shares during the period. Finally, Townsquare Capital LLC lifted its position in shares of NXP Semiconductors by 26.0% during the 3rd quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock worth $1,127,000 after purchasing an additional 969 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ:NXPI opened at $200.06 on Friday. The company’s fifty day moving average is $215.18 and its 200-day moving average is $222.30. 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 $196.95 and a 52 week high of $296.08. The company has a market capitalization of $50.74 billion, a PE ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47.

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 paid 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 2.03%. NXP Semiconductors’s dividend payout ratio is 41.62%.

Insider Transactions at NXP Semiconductors

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

Analyst Ratings Changes

Several research analysts have commented on NXPI shares. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Susquehanna dropped their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Truist Financial boosted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

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.