Swiss Life Asset Management Ltd boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,163 shares of the semiconductor provider’s stock after purchasing an additional 6,484 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in NXP Semiconductors were worth $10,057,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its position in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after buying an additional 218 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after acquiring an additional 234 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of NXP Semiconductors by 13.3% in the second quarter. Rockefeller Capital Management L.P. now owns 17,788 shares of the semiconductor provider’s stock worth $3,887,000 after acquiring an additional 2,094 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 1.4% in the second quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock worth $2,916,895,000 after acquiring an additional 184,295 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of NXP Semiconductors by 16.9% during the second quarter. Ensign Peak Advisors Inc now owns 100,867 shares of the semiconductor provider’s stock valued at $22,038,000 after acquiring an additional 14,617 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Trading Down 0.5%
NXP Semiconductors stock opened at $191.37 on Friday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.36. The business’s fifty day moving average is $224.49 and its 200 day moving average is $220.23. The stock has a market capitalization of $48.36 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 51.13%.
Insider Buying and Selling
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares of the company’s stock, 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. 0.12% of the stock is owned by corporate insiders.
Analyst Ratings Changes
NXPI has been the subject of several recent analyst reports. KeyCorp lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. Bank of America decreased their target price on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Evercore dropped their target price on shares of NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.67.
View Our Latest Stock Report on NXPI
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.
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