Commerce Bank Sells 270 Shares of NXP Semiconductors (NASDAQ:NXPI)

Commerce Bank lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,292 shares of the semiconductor provider’s stock after selling 270 shares during the period. Commerce Bank’s holdings in NXP Semiconductors were worth $1,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% during 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 in the last quarter. Sound Income Strategies LLC boosted its position in 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 buying an additional 88 shares during the period. Smithfield Trust Co bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors in the 4th quarter valued at approximately $32,000. Finally, Brooklyn Investment Group raised its stake in shares of NXP Semiconductors by 69.5% during the fourth 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. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction 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 insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NXPI shares. Susquehanna decreased their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.50.

NXP Semiconductors Price Performance

Shares of NXPI opened at $171.50 on Tuesday. The business’s fifty day moving average is $200.17 and its 200 day moving average is $214.26. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market cap of $43.50 billion, a P/E ratio of 17.63, a P/E/G ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.