Siemens Fonds Invest GmbH Sells 8,189 Shares of NXP Semiconductors (NASDAQ:NXPI)

Siemens Fonds Invest GmbH decreased its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 61.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,211 shares of the semiconductor provider's stock after selling 8,189 shares during the quarter. Siemens Fonds Invest GmbH's holdings in NXP Semiconductors were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NXPI. Norges Bank purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $672,224,000. Van ECK Associates Corp increased its stake in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after buying an additional 824,317 shares during the period. Voloridge Investment Management LLC increased its stake in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after buying an additional 582,317 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after buying an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after buying an additional 414,932 shares during the period. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. Needham & Company LLC reduced their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup reduced their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays cut their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $1.68 during trading on Monday, hitting $192.81. The company had a trading volume of 1,734,231 shares, compared to its average volume of 2,688,327. The stock has a 50 day simple moving average of $186.83 and a 200 day simple moving average of $205.91. 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 firm has a market capitalization of $48.71 billion, a P/E ratio of 19.82, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $3.24 earnings per share. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by company 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.