Man Group plc Sells 100,579 Shares of NXP Semiconductors (NASDAQ:NXPI)

Man Group plc decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,881 shares of the semiconductor provider’s stock after selling 100,579 shares during the quarter. Man Group plc owned about 0.06% of NXP Semiconductors worth $31,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its stake in NXP Semiconductors by 1.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 98,134 shares of the semiconductor provider’s stock valued at $20,977,000 after purchasing an additional 1,410 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of NXP Semiconductors by 75.1% in the fourth quarter. Nomura Holdings Inc. now owns 23,197 shares of the semiconductor provider’s stock valued at $4,821,000 after purchasing an additional 9,950 shares in the last quarter. Nearwater Capital Markets Ltd purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $10,392,000. NorthRock Partners LLC bought a new stake in NXP Semiconductors during the fourth quarter worth $305,000. Finally, Nuveen Asset Management LLC raised its position in NXP Semiconductors by 3.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,166,727 shares of the semiconductor provider’s stock valued at $242,504,000 after buying an additional 38,138 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Trading Down 0.3%

Shares of NXP Semiconductors stock opened at $210.73 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $53.24 billion, a P/E ratio of 21.66, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The stock’s 50-day simple moving average is $188.44 and its 200 day simple moving average is $209.00.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.24 earnings per share. As a group, research analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NXPI. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reduced their target price on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.