AQR Capital Management LLC Sells 411,121 Shares of NXP Semiconductors (NASDAQ:NXPI)

AQR Capital Management LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,543 shares of the semiconductor provider's stock after selling 411,121 shares during the period. AQR Capital Management LLC's holdings in NXP Semiconductors were worth $19,859,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NXPI. Lido Advisors LLC increased its position in NXP Semiconductors by 12.6% during the 4th quarter. Lido Advisors LLC now owns 8,887 shares of the semiconductor provider's stock worth $1,855,000 after buying an additional 995 shares during the period. Northern Trust Corp increased its position in NXP Semiconductors by 10.8% during the fourth quarter. Northern Trust Corp now owns 1,969,607 shares of the semiconductor provider's stock worth $409,383,000 after acquiring an additional 191,212 shares during the period. The Manufacturers Life Insurance Company raised its stake in NXP Semiconductors by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 155,860 shares of the semiconductor provider's stock worth $32,394,000 after purchasing an additional 1,090 shares in the last quarter. Oxford Asset Management LLP bought a new stake in NXP Semiconductors in the 4th quarter valued at about $466,000. Finally, Nebula Research & Development LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $1,398,000. Institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. UBS Group dropped their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Barclays decreased their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.37.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 completion of the transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Up 1.9 %

Shares of NASDAQ NXPI traded up $3.60 during midday trading on Friday, hitting $192.17. 2,681,198 shares of the company traded hands, compared to its average volume of 2,607,379. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The stock has a 50-day moving average price of $189.24 and a 200 day moving average price of $210.15. The firm has a market cap of $48.55 billion, a P/E ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.24 earnings per share. As a group, analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.11%. NXP Semiconductors's payout ratio is currently 44.12%.

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.