Thoroughbred Financial Services LLC Sells 250 Shares of NXP Semiconductors (NASDAQ:NXPI)

Thoroughbred Financial Services LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,377 shares of the semiconductor provider’s stock after selling 250 shares during the period. Thoroughbred Financial Services LLC’s holdings in NXP Semiconductors were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NXPI. Central Bank & Trust Co. increased its stake in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after acquiring an additional 48 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA lifted its position in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after buying an additional 53 shares during the period. J. W. Coons Advisors LLC boosted its stake in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after buying an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in NXP Semiconductors by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider’s stock valued at $4,180,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 6.4 %

Shares of NXP Semiconductors stock opened at $160.81 on Friday. The business has a fifty day simple moving average of $211.21 and a 200 day simple moving average of $220.38. The stock has a market cap of $40.78 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $155.87 and a 12 month high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.52%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho boosted 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Arete Research raised NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors 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.