KCM Investment Advisors LLC Has $279,000 Position in NXP Semiconductors (NASDAQ:NXPI)

KCM Investment Advisors LLC lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,343 shares of the semiconductor provider’s stock after selling 159 shares during the quarter. KCM Investment Advisors LLC’s holdings in NXP Semiconductors were worth $279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $46,000. Austin Private Wealth LLC increased its stake in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after acquiring an additional 2,609 shares during the period. Finally, Czech National Bank boosted its stake in NXP Semiconductors by 6.2% during the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock worth $11,454,000 after acquiring an additional 3,216 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’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 completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NXPI. Truist Financial upped their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Down 6.4 %

Shares of NASDAQ:NXPI opened at $160.81 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company’s 50-day moving average price is $211.21 and its two-hundred day moving average price is $220.22. The stock 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. NXP Semiconductors has a one year low of $149.61 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

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.