Martin Investment Management LLC Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Martin Investment Management LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,642 shares of the semiconductor provider’s stock after selling 4,527 shares during the period. NXP Semiconductors accounts for approximately 1.6% of Martin Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Martin Investment Management LLC’s holdings in NXP Semiconductors were worth $5,953,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after purchasing an additional 144,391 shares during the last quarter. May Hill Capital LLC purchased a new stake in NXP Semiconductors in the fourth quarter valued at about $335,000. Geode Capital Management LLC boosted its holdings in NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Nemes Rush Group LLC grew its stake in shares of NXP Semiconductors by 9.0% during the fourth quarter. Nemes Rush Group LLC now owns 32,730 shares of the semiconductor provider’s stock worth $6,803,000 after acquiring an additional 2,694 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after acquiring an additional 269,656 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $190.00 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $213.67 and its 200-day simple moving average is $221.40. The company has a market cap of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1-year low of $183.56 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NXPI. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.