Quantbot Technologies LP Sells 24,006 Shares of NXP Semiconductors (NASDAQ:NXPI)

Quantbot Technologies LP lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 84.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,581 shares of the semiconductor provider’s stock after selling 24,006 shares during the quarter. Quantbot Technologies LP’s holdings in NXP Semiconductors were worth $952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors during the fourth quarter valued at about $360,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $46,000. Austin Private Wealth LLC grew its position in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after purchasing an additional 2,609 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $211.33 on Wednesday. The business has a 50 day simple moving average of $215.56 and a 200 day simple moving average of $222.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market capitalization of $53.60 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s payout ratio is presently 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.