Harvest Fund Management Co. Ltd Acquires 3,224 Shares of NXP Semiconductors (NASDAQ:NXPI)

Harvest Fund Management Co. Ltd grew its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,958 shares of the semiconductor provider's stock after purchasing an additional 3,224 shares during the period. Harvest Fund Management Co. Ltd's holdings in NXP Semiconductors were worth $2,992,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp grew its holdings in NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its position in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after purchasing an additional 20,145 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

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Analyst Ratings Changes

NXPI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Barclays decreased their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $267.00.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value 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. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

NXP Semiconductors Stock Down 1.0 %

Shares of NXPI traded down $2.00 during trading hours on Friday, reaching $200.64. The company's stock had a trading volume of 3,351,990 shares, compared to its average volume of 2,286,255. The company has a 50 day moving average of $215.46 and a two-hundred day moving average of $222.97. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market cap of $50.89 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.02%. NXP Semiconductors's dividend payout ratio is presently 41.62%.

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.