Groupama Asset Managment trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 49.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,871 shares of the semiconductor provider’s stock after selling 3,796 shares during the period. Groupama Asset Managment’s holdings in NXP Semiconductors were worth $882,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth $26,000. CNB Bank bought a new position in NXP Semiconductors during the third quarter valued at about $28,000. Wexford Capital LP bought a new position in NXP Semiconductors during the third quarter valued at about $31,000. Kelleher Financial Advisors acquired a new stake in shares of NXP Semiconductors in the third quarter worth about $31,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
NXPI opened at $191.37 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average price is $224.49 and its two-hundred day moving average price is $220.23. The firm has a market capitalization of $48.36 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.36.
NXP Semiconductors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 51.13%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NXPI. Barclays reissued an “overweight” rating and set a $255.00 price objective on shares of NXP Semiconductors in a report on Thursday, January 15th. Mizuho decreased their target price on NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Truist Financial dropped their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.67.
Read Our Latest Research Report on NXP Semiconductors
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction 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 directly owned 11,811 shares in the company, valued at $2,609,522.34. This trade represents a 51.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the business’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 transaction, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by corporate insiders.
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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