ING Groep NV Sells 33,252 Shares of NXP Semiconductors (NASDAQ:NXPI)

ING Groep NV trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,335 shares of the semiconductor provider's stock after selling 33,252 shares during the quarter. ING Groep NV's holdings in NXP Semiconductors were worth $15,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Operose Advisors LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. Valley National Advisers Inc. increased its position in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock valued at $31,000 after acquiring an additional 68 shares during the period. Avalon Trust Co acquired a new position in NXP Semiconductors in the 4th quarter valued at approximately $42,000. Atticus Wealth Management LLC increased its position in NXP Semiconductors by 358.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider's stock valued at $42,000 after acquiring an additional 165 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at approximately $54,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. TD Cowen increased their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 12th. UBS Group increased their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. The Goldman Sachs Group increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Truist Financial increased their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Finally, Evercore ISI raised their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $263.00.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $1.89 during trading hours on Friday, reaching $267.72. The stock had a trading volume of 1,344,629 shares, compared to its average volume of 2,359,207. The stock's fifty day simple moving average is $245.68 and its 200 day simple moving average is $227.54. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12 month low of $163.26 and a 12 month high of $273.37. The firm has a market capitalization of $68.45 billion, a PE ratio of 24.72, a PEG ratio of 0.98 and a beta of 1.54.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.52%. NXP Semiconductors's payout ratio is presently 37.40%.

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.

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