Voya Investment Management LLC Has $84.53 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Voya Investment Management LLC trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 45.5% during the fourth quarter, HoldingsChannel reports. The fund owned 406,665 shares of the semiconductor provider’s stock after selling 339,973 shares during the period. Voya Investment Management LLC’s holdings in NXP Semiconductors were worth $84,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of NXP Semiconductors by 1.8% in 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 period. Geode Capital Management LLC raised its stake 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 valued at $1,088,094,000 after buying an additional 96,483 shares during the period. Finally, Franklin Resources Inc. boosted 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 worth $982,994,000 after acquiring an additional 269,656 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $193.57 on Friday. The stock has a 50-day moving average price of $197.79 and a two-hundred day moving average price of $213.48. The company has a market capitalization of $49.09 billion, a PE ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 12 month low of $148.09 and a 12 month 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.

NXP Semiconductors Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.10%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related 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 value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXPI. Citigroup reduced their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC dropped their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $258.10.

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.