Ethic Inc. reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,132 shares of the semiconductor provider’s stock after selling 2,854 shares during the quarter. Ethic Inc.’s holdings in NXP Semiconductors were worth $2,633,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Wellington Management Group LLP grew its position in NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares during the period. Rafferty Asset Management LLC grew its position in NXP Semiconductors by 56.3% during the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after buying an additional 690,277 shares during the period. Woodline Partners LP grew its position in NXP Semiconductors by 6,342.2% during the third quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock worth $153,354,000 after buying an additional 662,950 shares during the period. Dimensional Fund Advisors LP grew its position in NXP Semiconductors by 21.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock worth $507,241,000 after buying an additional 398,250 shares during the period. Finally, Boston Partners grew its position in NXP Semiconductors by 16.9% during the third quarter. Boston Partners now owns 2,439,589 shares of the semiconductor provider’s stock worth $555,311,000 after buying an additional 352,820 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Stock Up 3.8%
Shares of NASDAQ NXPI opened at $305.99 on Tuesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $306.62. The firm’s 50 day moving average price is $219.02 and its 200 day moving average price is $221.02. The firm has a market cap of $77.25 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.
NXP Semiconductors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen increased their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Loop Capital increased their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Truist Financial increased their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $291.75.
Read Our Latest Stock Analysis on NXP Semiconductors
Insider Buying and Selling
In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,865 shares of company stock worth $2,508,416. 0.12% of the stock is owned by 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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