Klingenstein Fields & Co. LP Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Klingenstein Fields & Co. LP cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 171,757 shares of the semiconductor provider’s stock after selling 1,005 shares during the quarter. NXP Semiconductors makes up about 1.6% of Klingenstein Fields & Co. LP’s investment portfolio, making the stock its 19th biggest position. Klingenstein Fields & Co. LP’s holdings in NXP Semiconductors were worth $41,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC lifted its stake in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. TD Cowen lowered their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Barclays raised their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. Finally, UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $275.00 to $285.00 in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $239.00 on Monday. The stock’s 50-day moving average price is $237.56 and its 200 day moving average price is $253.15. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $60.88 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.54 and a beta of 1.49. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.94%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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.