HM Payson & Co. Sells 11,624 Shares of NXP Semiconductors (NASDAQ:NXPI)

HM Payson & Co. reduced its stake in NXP Semiconductors (NASDAQ:NXPIFree Report) by 8.0% during the third quarter, HoldingsChannel reports. The firm owned 133,139 shares of the semiconductor provider’s stock after selling 11,624 shares during the period. HM Payson & Co.’s holdings in NXP Semiconductors were worth $31,955,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Family Firm Inc. bought a new stake in NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC raised its holdings in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares during the last quarter. Valley National Advisers Inc. raised its holdings in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares during the last quarter. Fortitude Family Office LLC raised its holdings in NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after buying an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 3.3 %

NXP Semiconductors stock traded down $8.20 during trading hours on Thursday, hitting $237.12. The company had a trading volume of 202,508 shares, compared to its average volume of 2,249,681. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a market cap of $60.40 billion, a P/E ratio of 22.93, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a 50-day moving average price of $238.05 and a two-hundred day moving average price of $252.88. NXP Semiconductors has a 1 year low of $167.50 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXPI shares. The Goldman Sachs Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Cantor Fitzgerald reduced their price objective on shares of NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $288.90.

View Our Latest Analysis on NXP Semiconductors

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

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.

Featured Articles

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors (NASDAQ:NXPIFree Report).

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

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.