Securian Asset Management Inc. Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Securian Asset Management Inc. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,338 shares of the semiconductor provider’s stock after selling 2,161 shares during the period. Securian Asset Management Inc.’s holdings in NXP Semiconductors were worth $3,753,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $26,000. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $42,000. Atticus Wealth Management LLC grew its position in shares of NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $54,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NXPI. Argus upped their price target on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Mizuho upped their price objective on NXP Semiconductors from $225.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Cantor Fitzgerald upped their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday. Needham & Company LLC upped their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.00.

Check Out Our Latest Analysis on NXP Semiconductors

NXP Semiconductors Stock Down 0.7 %

NASDAQ:NXPI traded down $1.89 during trading hours on Friday, hitting $267.72. The company’s stock had a trading volume of 1,344,629 shares, compared to its average volume of 2,359,207. The stock has a market capitalization of $68.45 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The stock has a fifty day moving average of $245.68 and a 200-day moving average of $227.16. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52-week low of $163.26 and a 52-week high of $273.37.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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