Mitsubishi UFJ Trust & Banking Corp Sells 4,236 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,170 shares of the semiconductor provider's stock after selling 4,236 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of NXP Semiconductors worth $45,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Ascent Group LLC raised its holdings in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock worth $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. increased its position in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after buying an additional 48 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA grew its stake in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares during the period. Finally, J. W. Coons Advisors LLC increased its holdings in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

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Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on NXPI. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC decreased their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $10.07 during midday trading on Friday, hitting $189.99. The company had a trading volume of 4,260,658 shares, compared to its average volume of 2,423,696. The company has a market capitalization of $48.19 billion, a PE ratio of 19.53, a P/E/G 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 52-week low of $188.85 and a 52-week high of $296.08. The stock's fifty day moving average price is $214.68 and its 200-day moving average price is $222.01.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

About NXP Semiconductors

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.