Van Lanschot Kempen Investment Management N.V. Buys 195,200 Shares of NXP Semiconductors (NASDAQ:NXPI)

Van Lanschot Kempen Investment Management N.V. raised its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195,851 shares of the semiconductor provider's stock after acquiring an additional 195,200 shares during the period. NXP Semiconductors comprises approximately 2.5% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 7th largest holding. Van Lanschot Kempen Investment Management N.V. owned 0.47% of NXP Semiconductors worth $248,558,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in NXP Semiconductors in the 4th quarter valued at $672,224,000. Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NXP Semiconductors by 36.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after purchasing an additional 414,932 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

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

NXP Semiconductors Trading Down 0.0 %

Shares of NXPI stock traded down $0.02 on Friday, reaching $193.55. The company had a trading volume of 2,485,558 shares, compared to its average volume of 2,580,627. The stock has a market cap of $49.09 billion, a PE ratio of 19.89, a PEG ratio of 3.01 and a beta of 1.40. The company has a 50-day moving average of $197.79 and a 200-day moving average of $213.48. 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 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a $1.014 dividend. 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 presently 41.62%.

Analyst Ratings Changes

Several analysts have weighed in on NXPI shares. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday. Stifel Nicolaus decreased their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $258.10.

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.