Taikang Asset Management Hong Kong Co Ltd Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Taikang Asset Management Hong Kong Co Ltd lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 128.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,500 shares of the semiconductor provider's stock after purchasing an additional 19,400 shares during the period. NXP Semiconductors comprises about 1.1% of Taikang Asset Management Hong Kong Co Ltd's investment portfolio, making the stock its 25th largest position. Taikang Asset Management Hong Kong Co Ltd's holdings in NXP Semiconductors were worth $7,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $360,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the fourth quarter worth about $46,000. Austin Private Wealth LLC grew its holdings in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock valued at $21,068,000 after purchasing an additional 2,609 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $10.07 on Friday, hitting $189.99. 4,260,658 shares of the company were exchanged, compared to its average volume of 2,423,696. The firm has a market capitalization of $48.19 billion, a P/E ratio of 19.53, 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 has a 1-year low of $188.85 and a 1-year high of $296.08. The stock's 50 day moving average price is $214.68 and its 200 day moving average price is $221.99.

NXP Semiconductors Dividend Announcement

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 paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors's payout ratio is presently 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price 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.