Victory Capital Management Inc. Sells 3,293 Shares of NXP Semiconductors (NASDAQ:NXPI)

Victory Capital Management Inc. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,282 shares of the semiconductor provider’s stock after selling 3,293 shares during the quarter. Victory Capital Management Inc.’s holdings in NXP Semiconductors were worth $32,899,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GDS Wealth Management grew its position in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $13,445,000. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $46,000. Finally, Banque Cantonale Vaudoise grew its position in shares of NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NXPI shares. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Mizuho lifted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Trading Up 3.8 %

Shares of NXP Semiconductors stock opened at $222.56 on Monday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The stock’s 50-day simple moving average is $216.19 and its 200 day simple moving average is $225.89. The stock has a market capitalization of $56.45 billion, a P/E ratio of 22.87, 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 quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.