Corebridge Financial Inc. Sells 2,613 Shares of NXP Semiconductors (NASDAQ:NXPI)

Corebridge Financial Inc. cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,078 shares of the semiconductor provider’s stock after selling 2,613 shares during the quarter. Corebridge Financial Inc.’s holdings in NXP Semiconductors were worth $16,229,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $211.12 on Tuesday. The firm has a 50-day moving average price of $215.54 and a two-hundred day moving average price of $222.68. NXP Semiconductors has a 12-month low of $196.95 and a 12-month high of $296.08. The company has a market capitalization of $53.54 billion, a P/E ratio of 21.70, a P/E/G 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 Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NXPI. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Susquehanna lowered 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 note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.