PGGM Investments decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,671 shares of the semiconductor provider's stock after selling 23,703 shares during the period. PGGM Investments' holdings in NXP Semiconductors were worth $555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. HITE Hedge Asset Management LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at $13,445,000. Merit Financial Group LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at $360,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Banque Cantonale Vaudoise increased its stake in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock valued at $6,204,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Austin Private Wealth LLC increased its stake in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock valued at $665,000 after purchasing an additional 1,869 shares during the last quarter. Institutional investors own 90.54% of the company's stock.
Insider Activity
In other 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 transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by company insiders.
NXP Semiconductors Trading Up 0.6 %
Shares of NASDAQ:NXPI traded up $1.29 during midday trading on Wednesday, reaching $207.38. The company's stock had a trading volume of 1,640,467 shares, compared to its average volume of 2,287,437. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a 50 day moving average price of $215.77 and a two-hundred day moving average price of $223.71. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.
NXP Semiconductors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is 41.62%.
Wall Street Analyst Weigh In
NXPI has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price objective on the stock. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $267.00.
Get Our Latest Research Report on NXPI
NXP Semiconductors Company Profile
(
Free Report)
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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