Lyrical Asset Management LP Sells 9,515 Shares of NXP Semiconductors (NASDAQ:NXPI)

Lyrical Asset Management LP decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 31.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,835 shares of the semiconductor provider’s stock after selling 9,515 shares during the quarter. Lyrical Asset Management LP’s holdings in NXP Semiconductors were worth $4,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NXPI. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the fourth quarter worth $360,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at about $46,000. Austin Private Wealth LLC lifted its position in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares during the last quarter. Finally, Czech National Bank increased its position in NXP Semiconductors by 6.2% in the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after acquiring an additional 3,216 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NXPI shares. Truist Financial upped their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced 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. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four equities research 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 MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Down 6.4 %

Shares of NXPI stock opened at $160.81 on Friday. The firm’s fifty day moving average price is $211.21 and its two-hundred day moving average price is $220.30. NXP Semiconductors has a 1 year low of $155.87 and a 1 year high of $296.08. 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 firm has a market capitalization of $40.78 billion, a P/E ratio of 16.53, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently disclosed 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. This represents a $4.06 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 41.62%.

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.