HM Payson & Co. reduced its stake in NXP Semiconductors (NASDAQ:NXPI – Free 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
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
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
- Five stocks we like better than NXP Semiconductors
- The Basics of Support and Resistance
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- What Are Dividend Challengers?
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
- What is Put Option Volume?
- Caterpillar Stock: Market Points to a Buying Opportunity
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:NXPI – Free Report).
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.