NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406,665 shares of the semiconductor provider's stock after selling 339,973 shares during the quarter. Voya Investment Management LLC owned about 0.16% of NXP Semiconductors worth $84,525,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NXPI. Chelsea Counsel Co. grew its position in NXP Semiconductors by 33.3% in the 3rd quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider's stock valued at $72,000 after acquiring an additional 75 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in NXP Semiconductors by 2.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,000 shares of the semiconductor provider's stock valued at $960,000 after buying an additional 100 shares in the last quarter. World Investment Advisors LLC lifted its holdings in NXP Semiconductors by 2,103.4% during the 3rd quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider's stock worth $6,938,000 after buying an additional 27,597 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $1,574,000. Finally, Tidal Investments LLC raised its holdings in NXP Semiconductors by 9.3% during the third quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider's stock worth $4,350,000 after purchasing an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $193.57 on Friday. The business's 50-day moving average is $197.79 and its 200-day moving average is $213.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a market capitalization of $49.09 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Barclays cut their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday. Truist Financial increased their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $258.10.

NXP Semiconductors Company 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.

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