Resona Asset Management Co. Ltd. Has $15.41 Million Stock Position in NXP Semiconductors N.V. $NXPI

Resona Asset Management Co. Ltd. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,645 shares of the semiconductor provider’s stock after selling 5,151 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $15,405,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Westfuller Advisors LLC bought a new position in NXP Semiconductors during the third quarter valued at about $473,000. iA Global Asset Management Inc. boosted its stake in shares of NXP Semiconductors by 4.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 30,131 shares of the semiconductor provider’s stock worth $6,862,000 after acquiring an additional 1,179 shares in the last quarter. CNB Bank acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $28,000. Avidian Wealth Enterprises LLC raised its stake in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock valued at $685,000 after acquiring an additional 56 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in NXP Semiconductors by 22.2% in the 3rd quarter. Vest Financial LLC now owns 9,499 shares of the semiconductor provider’s stock worth $2,163,000 after purchasing an additional 1,726 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Julie Southern acquired 225 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average price of $225.48 per share, with a total value of $50,733.00. Following the acquisition, the insider owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,097 shares of company stock valued at $5,003,058 over the last three months. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Wells Fargo & Company increased their price target on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Citigroup raised their target price on shares of NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.29.

NXP Semiconductors Trading Down 1.8%

Shares of NXPI stock opened at $232.48 on Monday. The firm has a market capitalization of $58.51 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 2.91 and a beta of 1.46. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The firm’s fifty day simple moving average is $221.27 and its 200 day simple moving average is $221.02. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $3.45 earnings per share. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.25%.

NXP Semiconductors Company 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.