NXP Semiconductors (NASDAQ:NXPI) Position Lessened by Aviva PLC

Aviva PLC cut its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 560,960 shares of the semiconductor provider's stock after selling 7,871 shares during the quarter. Aviva PLC owned 0.22% of NXP Semiconductors worth $116,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC lifted its stake in NXP Semiconductors by 915.4% in the fourth 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 lifted its position in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in NXP Semiconductors during the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group increased its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the 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 sale, the chief operating officer now directly 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 can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Remove Ads

NXP Semiconductors Trading Down 11.6 %

Shares of NXPI traded down $21.65 during midday trading on Thursday, hitting $164.22. The stock had a trading volume of 2,412,899 shares, compared to its average volume of 2,536,365. The business has a 50-day simple moving average of $206.82 and a two-hundred day simple moving average of $218.13. The firm has a market cap of $41.65 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.47%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Susquehanna decreased their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Truist Financial boosted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

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.