Varma Mutual Pension Insurance Co lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,214 shares of the semiconductor provider’s stock after selling 4,330 shares during the period. Varma Mutual Pension Insurance Co’s holdings in NXP Semiconductors were worth $12,853,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after acquiring an additional 50 shares during the period. IHT Wealth Management LLC boosted its stake in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after buying an additional 52 shares during the last quarter. Rovin Capital UT ADV boosted its stake in NXP Semiconductors by 1.5% during the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after buying an additional 52 shares during the last quarter. Washington Capital Management Inc. boosted its stake in NXP Semiconductors by 1.8% during the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after buying an additional 55 shares during the last quarter. Finally, Invera Wealth Advisors LLC boosted its stake in NXP Semiconductors by 0.9% during the third quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock valued at $1,390,000 after buying an additional 56 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Trading Down 1.5%
Shares of NXPI stock opened at $290.76 on Tuesday. NXP Semiconductors N.V. has a 1 year low of $180.63 and a 1 year high of $299.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $212.58 and its two-hundred day simple moving average is $218.23. The company has a market cap of $73.41 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.85%.
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,865 shares of company stock worth $2,508,416 over the last ninety days. Company insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on NXPI shares. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen increased their price target on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus increased their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Jefferies Financial Group increased their price target on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Barclays increased their price target on NXP Semiconductors from $255.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $289.88.
View Our Latest Research Report on NXP Semiconductors
About NXP Semiconductors
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
Further Reading
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