HighPoint Advisor Group LLC Has $1.28 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

HighPoint Advisor Group LLC decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 11.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,064 shares of the semiconductor provider’s stock after selling 796 shares during the period. HighPoint Advisor Group LLC’s holdings in NXP Semiconductors were worth $1,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. grew its stake in NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $982,994,000 after buying an additional 269,656 shares during the last quarter. Cannell & Spears LLC grew its position in NXP Semiconductors by 3.2% during the 4th quarter. Cannell & Spears LLC now owns 4,150 shares of the semiconductor provider’s stock worth $863,000 after acquiring an additional 128 shares during the last quarter. Summit Financial LLC increased its holdings in NXP Semiconductors by 9.4% during the 4th quarter. Summit Financial LLC now owns 1,980 shares of the semiconductor provider’s stock valued at $413,000 after purchasing an additional 170 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in NXP Semiconductors by 25.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 9,595 shares of the semiconductor provider’s stock valued at $2,012,000 after purchasing an additional 1,957 shares during the last quarter. Finally, MV Capital Management Inc. boosted its stake in NXP Semiconductors by 10.4% in the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider’s stock worth $145,000 after purchasing an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

NXPI stock opened at $190.00 on Wednesday. NXP Semiconductors has a 1-year low of $183.56 and a 1-year high of $296.08. 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 firm has a market cap of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. The business’s 50-day moving average price is $213.67 and its two-hundred day moving average price is $221.40.

NXP Semiconductors Announces Dividend

The firm also recently disclosed 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. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Susquehanna lowered their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reissued 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, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.