NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,999 shares of the semiconductor provider’s stock after selling 99 shares during the period. Hunter Associates Investment Management LLC’s holdings in NXP Semiconductors were worth $4,803,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in NXP Semiconductors in the first quarter valued at $1,775,000. Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the last quarter. M&G Plc acquired a new stake in NXP Semiconductors in the first quarter valued at $65,830,000. Maryland State Retirement & Pension System acquired a new stake in shares of NXP Semiconductors during the first quarter valued at $3,089,000. Finally, QRG Capital Management Inc. boosted its stake in shares of NXP Semiconductors by 34.1% during the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after acquiring an additional 436 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $249.70 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $63.61 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.63 and a beta of 1.49. The stock’s fifty day simple moving average is $238.20 and its 200 day simple moving average is $252.78. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.62%. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Analysts Set New Price Targets

A number of research firms recently commented on NXPI. Citic Securities began coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a research note on Monday, October 7th. Finally, TD Cowen decreased their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.90.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

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.