Generali Asset Management SPA SGR Takes $2.06 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Generali Asset Management SPA SGR bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,904 shares of the semiconductor provider's stock, valued at approximately $2,059,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after buying an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $32,000. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter worth about $33,000. Finally, Brooklyn Investment Group lifted its position in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Up 5.2 %

NXPI traded up $10.48 on Monday, reaching $211.12. 2,742,954 shares of the company traded hands, compared to its average volume of 2,288,081. The company has a market cap of $53.54 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 one year low of $196.95 and a one year high of $296.08. The firm has a fifty day simple moving average of $215.46 and a two-hundred day simple moving average of $222.86.

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NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NXPI shares. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Susquehanna reduced their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $267.00.

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.