Sandy Spring Bank Reduces Stake in NXP Semiconductors (NASDAQ:NXPI)

Sandy Spring Bank lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 63.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,100 shares of the semiconductor provider’s stock after selling 1,910 shares during the quarter. Sandy Spring Bank’s holdings in NXP Semiconductors were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $33,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.0 %

Shares of NXPI stock opened at $200.64 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $215.46 and its two-hundred day moving average is $223.06. The company has a market capitalization of $50.89 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a twelve month low of $196.95 and a twelve month high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Analyst Ratings Changes

NXPI has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

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.