Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 21,095 Shares of NXP Semiconductors (NASDAQ:NXPI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,001,678 shares of the semiconductor provider's stock after selling 21,095 shares during the period. NXP Semiconductors comprises about 2.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 13th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.39% of NXP Semiconductors worth $248,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lincoln National Corp increased its position in shares of NXP Semiconductors by 1.9% during the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider's stock worth $568,000 after acquiring an additional 46 shares during the period. RFG Advisory LLC increased its holdings in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider's stock worth $740,000 after purchasing an additional 47 shares during the period. IMPACTfolio LLC raised its position in NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider's stock valued at $273,000 after purchasing an additional 49 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of NXP Semiconductors by 4.3% in the 4th quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider's stock worth $280,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on NXPI shares. Wolfe Research upgraded NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 price objective for the company in a report on Thursday, January 18th. TD Cowen lifted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, March 12th. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. The Goldman Sachs Group increased their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.72.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $4.83 during midday trading on Thursday, hitting $254.26. The company's stock had a trading volume of 2,316,994 shares, compared to its average volume of 2,399,706. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39. The firm has a market cap of $65.12 billion, a P/E ratio of 23.48, a P/E/G ratio of 0.97 and a beta of 1.54. The firm's 50 day moving average is $242.58 and its 200-day moving average is $221.15.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts' consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Equities analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.60%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.49%.

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.

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