Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 60,129 Shares of NXP Semiconductors N.V. $NXPI

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 57.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,129 shares of the semiconductor provider’s stock after selling 60,129 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NXP Semiconductors were worth $9,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MGO One Seven LLC lifted its position in NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after purchasing an additional 5,359 shares during the last quarter. Teacher Retirement System of Texas lifted its position in NXP Semiconductors by 16.4% during the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares during the last quarter. ING Groep NV lifted its position in NXP Semiconductors by 27.5% during the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock valued at $23,877,000 after purchasing an additional 22,631 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 21.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after purchasing an additional 398,250 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in NXP Semiconductors by 293.6% during the third quarter. Cibc World Market Inc. now owns 38,543 shares of the semiconductor provider’s stock valued at $8,777,000 after purchasing an additional 28,751 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Evercore increased their target price on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. KeyCorp increased their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Mizuho increased their target price on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research note on Wednesday, April 29th. Barclays increased their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Loop Capital increased their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment 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 company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

Insider Buying and Selling

In related news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,611 shares of company stock valued at $3,061,078 in the last 90 days. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $295.96 on Monday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a market cap of $74.72 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.07 and a beta of 1.77. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $260.21 and its 200-day simple moving average is $234.72.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.64 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

NXP Semiconductors Profile

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.