APG Asset Management N.V. Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

APG Asset Management N.V. increased its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1,051.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,296 shares of the semiconductor provider's stock after purchasing an additional 179,245 shares during the quarter. APG Asset Management N.V. owned approximately 0.08% of NXP Semiconductors worth $39,401,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group lifted its stake in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Remove Ads

NXP Semiconductors Price Performance

NXPI stock traded up $0.69 during midday trading on Monday, hitting $169.48. The company's stock had a trading volume of 553,583 shares, compared to its average volume of 2,559,333. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a 50 day moving average of $205.37 and a two-hundred day moving average of $217.03. The firm has a market capitalization of $42.98 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $263.50.

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.