Nikko Asset Management Americas Inc. Sells 4,006 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nikko Asset Management Americas Inc. reduced its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,127 shares of the semiconductor provider's stock after selling 4,006 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in NXP Semiconductors were worth $7,093,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the period. Geode Capital Management LLC boosted its holdings in NXP Semiconductors by 1.1% during 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 purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the period. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock worth $655,453,000 after buying an additional 20,145 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

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Insider Activity at NXP Semiconductors

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 completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Down 1.0 %

Shares of NASDAQ:NXPI traded down $2.00 during mid-day trading on Friday, reaching $200.64. The stock had a trading volume of 3,351,990 shares, compared to its average volume of 2,289,038. The firm has a 50 day simple moving average of $215.58 and a two-hundred day simple moving average of $223.45. NXP Semiconductors has a twelve month low of $197.43 and a twelve month high of $296.08. The firm has a market cap of $50.89 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. 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 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. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Analyst Ratings Changes

Several research firms have issued reports on NXPI. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.