NXP Semiconductors (NASDAQ:NXPI) Stake Cut by Mendel Money Management

Mendel Money Management decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,463 shares of the semiconductor provider’s stock after selling 205 shares during the period. NXP Semiconductors comprises about 1.9% of Mendel Money Management’s portfolio, making the stock its 18th largest holding. Mendel Money Management’s holdings in NXP Semiconductors were worth $4,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Great Valley Advisor Group Inc. increased its holdings in shares of NXP Semiconductors by 14.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider’s stock worth $599,000 after acquiring an additional 311 shares during the period. Cerity Partners LLC raised its position in shares of NXP Semiconductors by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider’s stock worth $8,432,000 after buying an additional 6,164 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of NXP Semiconductors by 26.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock worth $483,000 after acquiring an additional 416 shares during the period. Larson Financial Group LLC boosted its holdings in shares of NXP Semiconductors by 213.8% in 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 in the last quarter. Finally, Boston Family Office LLC increased its stake in shares of NXP Semiconductors by 22.6% during the third quarter. Boston Family Office LLC now owns 1,140 shares of the semiconductor provider’s stock valued at $274,000 after acquiring an additional 210 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $211.33 on Wednesday. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08. The firm’s 50 day moving average is $215.56 and its 200-day moving average is $222.57. The company has a market capitalization of $53.60 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NXPI. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $267.00.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction 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 $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.