Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in NXP Semiconductors N.V. $NXPI

Sumitomo Mitsui Trust Group Inc. lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 918,375 shares of the semiconductor provider’s stock after selling 23,529 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NXP Semiconductors were worth $199,342,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Factory Mutual Insurance Co. increased its holdings in shares of NXP Semiconductors by 16.3% in the fourth quarter. Factory Mutual Insurance Co. now owns 133,050 shares of the semiconductor provider’s stock worth $28,880,000 after buying an additional 18,650 shares during the period. Howard Capital Management Inc. increased its holdings in shares of NXP Semiconductors by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 5,533 shares of the semiconductor provider’s stock worth $1,201,000 after buying an additional 155 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after buying an additional 121,419 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 30.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,338 shares of the semiconductor provider’s stock worth $290,000 after buying an additional 312 shares during the period. Finally, Cardinal Capital Management Inc. increased its holdings in shares of NXP Semiconductors by 21.5% in the fourth quarter. Cardinal Capital Management Inc. now owns 144,019 shares of the semiconductor provider’s stock worth $31,261,000 after buying an additional 25,477 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $204.37 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. The stock has a market capitalization of $51.64 billion, a PE ratio of 25.74, a PEG ratio of 0.91 and a beta of 1.46. NXP Semiconductors N.V. has a 1 year low of $158.66 and a 1 year high of $256.36. The business’s 50-day moving average is $213.02 and its 200 day moving average is $217.25.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.NXP Semiconductors’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $3.18 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 51.13%.

Insiders Place Their Bets

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 stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Truist Financial cut their target price on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $240.00 target price on shares of NXP Semiconductors in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $253.67.

About NXP Semiconductors

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.