Sei Investments Co. Purchases 4,066 Shares of NXP Semiconductors (NASDAQ:NXPI)

Sei Investments Co. raised its position in NXP Semiconductors (NASDAQ:NXPI) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,428 shares of the semiconductor provider’s stock after acquiring an additional 4,066 shares during the period. Sei Investments Co.’s holdings in NXP Semiconductors were worth $16,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC boosted its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors in the fourth quarter worth about $32,000. Finally, Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ NXPI opened at $200.06 on Friday. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company’s 50-day simple moving average is $215.18 and its 200-day simple moving average is $222.30. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

About NXP Semiconductors

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.