Kovitz Investment Group Partners LLC Sells 5,344 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kovitz Investment Group Partners LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,325 shares of the semiconductor provider's stock after selling 5,344 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in NXP Semiconductors were worth $899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. boosted its stake in NXP Semiconductors by 33.3% in the third quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider's stock valued at $72,000 after acquiring an additional 75 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in NXP Semiconductors by 2.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,000 shares of the semiconductor provider's stock valued at $960,000 after buying an additional 100 shares during the period. World Investment Advisors LLC boosted its holdings in NXP Semiconductors by 2,103.4% during the third quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider's stock worth $6,938,000 after buying an additional 27,597 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth about $1,574,000. Finally, Tidal Investments LLC increased its stake in shares of NXP Semiconductors by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider's stock valued at $4,350,000 after acquiring an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was 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 owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.37.

NXP Semiconductors Stock Down 1.7 %

Shares of NXP Semiconductors stock traded down $3.18 on Tuesday, hitting $181.77. The company had a trading volume of 205,634 shares, compared to its average volume of 2,594,952. The stock has a market capitalization of $46.10 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 3.01 and a beta of 1.40. 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 has a 1 year low of $148.09 and a 1 year high of $296.08. The stock has a 50 day moving average of $191.07 and a 200-day moving average of $210.79.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.24 EPS. As a group, sell-side analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.23%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

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.