Intrust Bank NA Buys 318 Shares of NXP Semiconductors (NASDAQ:NXPI)

Intrust Bank NA boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,843 shares of the semiconductor provider’s stock after buying an additional 318 shares during the period. Intrust Bank NA’s holdings in NXP Semiconductors were worth $1,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allstate Corp purchased a new stake in NXP Semiconductors in the 4th quarter worth about $1,579,000. Brown Brothers Harriman & Co. lifted its stake in shares of NXP Semiconductors by 10.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,187 shares of the semiconductor provider’s stock worth $870,000 after acquiring an additional 396 shares during the last quarter. DnB Asset Management AS boosted its holdings in NXP Semiconductors by 6.4% during the 4th quarter. DnB Asset Management AS now owns 45,182 shares of the semiconductor provider’s stock valued at $9,391,000 after acquiring an additional 2,704 shares during the period. Pictet Asset Management Holding SA grew its position in NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after acquiring an additional 500,413 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $3,826,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $189.99 on Friday. The firm has a fifty day moving average price of $214.68 and a 200 day moving average price of $221.99. NXP Semiconductors has a 1 year low of $188.85 and a 1 year high of $296.08. The stock has a market cap of $48.19 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid 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 is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays decreased their price target 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. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

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.