Nomura Asset Management Co. Ltd. Acquires 5,876 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nomura Asset Management Co. Ltd. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,593 shares of the semiconductor provider's stock after purchasing an additional 5,876 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in NXP Semiconductors were worth $21,503,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NXPI. Family Firm Inc. bought a new stake in NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC lifted its stake in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after buying an additional 52 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter worth approximately $33,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of NXP Semiconductors in the second quarter valued at $48,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $1.90 during trading hours on Wednesday, hitting $219.84. 2,479,178 shares of the company traded hands, compared to its average volume of 2,295,282. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The firm has a 50-day moving average of $231.21 and a 200 day moving average of $247.65. The stock has a market capitalization of $55.87 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 4.41 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the previous year, the business posted $3.31 earnings per share. NXP Semiconductors's quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's payout ratio is 38.74%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NXPI shares. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research note on Thursday, October 17th. Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 price target for the company. Morgan Stanley cut their price objective on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, TD Cowen dropped their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $274.14.

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.