Sciencast Management LP Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Sciencast Management LP bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,426 shares of the semiconductor provider's stock, valued at approximately $1,543,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC increased its position in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. raised its stake in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC boosted its position in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after acquiring an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

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NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $5.69 during trading hours on Thursday, reaching $200.06. The company had a trading volume of 2,877,303 shares, compared to its average volume of 2,298,409. 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 business has a fifty day moving average price of $215.40 and a 200-day moving average price of $222.45. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08. The firm has a market cap of $50.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction 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 corporate insiders.

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.