Victory Capital Management Inc. Sells 3,293 Shares of NXP Semiconductors (NASDAQ:NXPI)

Victory Capital Management Inc. cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,282 shares of the semiconductor provider’s stock after selling 3,293 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of NXP Semiconductors worth $32,899,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC raised its position in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at about $33,000. Brooklyn Investment Group raised its position in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC raised its position in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 3.8 %

Shares of NASDAQ NXPI opened at $222.56 on Monday. The company has a 50 day simple moving average of $216.19 and a 200 day simple moving average of $225.89. The firm has a market cap of $56.45 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.82%. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target 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.