NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,078 shares of the semiconductor provider's stock after selling 2,613 shares during the period. Corebridge Financial Inc.'s holdings in NXP Semiconductors were worth $16,229,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NXPI. Vanguard Group Inc. lifted its stake in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares in the last quarter. State Street Corp raised its holdings in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after acquiring an additional 57,762 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after acquiring an additional 93,129 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after acquiring an additional 824,317 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $267.00.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Down 5.0 %

Shares of NXPI stock traded down $10.07 during trading hours on Friday, hitting $189.99. 4,260,658 shares of the company were exchanged, compared to its average volume of 2,423,696. The stock has a market capitalization of $48.19 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a one year low of $188.85 and a one year high of $296.08. The business's 50-day simple moving average is $214.68 and its two-hundred day simple moving average is $221.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.13%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

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.