Mitsubishi UFJ Trust & Banking Corp decreased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 10.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 190,008 shares of the semiconductor provider’s stock after selling 23,115 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NXP Semiconductors were worth $41,515,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of NXPI. Brown Lisle Cummings Inc. raised its position in shares of NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares during the period. Hemington Wealth Management increased its stake in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 59 shares in the last quarter. True Wealth Design LLC increased its stake in NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 154 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in NXP Semiconductors during the second quarter valued at about $43,000. Finally, Hilltop National Bank purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $44,000. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Stock Down 1.4%
Shares of NASDAQ:NXPI opened at $201.22 on Friday. The company has a market cap of $50.64 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.53 and a beta of 1.48. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $218.12 and a 200 day moving average price of $215.95.
NXP Semiconductors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were paid 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, September 17th. NXP Semiconductors’s payout ratio is presently 50.12%.
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president directly owned 19,175 shares in the company, valued at approximately $3,969,416.75. This represents a 30.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on NXPI shares. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Wednesday, July 23rd. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a research note on Tuesday, October 28th. Susquehanna lifted their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI boosted their target price on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.47.
Get Our Latest Stock Report on NXPI
NXP Semiconductors 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.
Read More
- Five stocks we like better than NXP Semiconductors
- What is the NASDAQ Stock Exchange?
- dLocal Falls Despite Blowout Q3 Results—What Investors Are Missing
- Dividend Payout Ratio Calculator
- Ondas Holdings Signals a Rebound as Drone Demand Soars
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Disney’s 2026 Outlook Brightens Under Iger’s Magic Touch
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
