Investment Management Corp of Ontario Sells 13,335 Shares of NXP Semiconductors (NASDAQ:NXPI)

Investment Management Corp of Ontario cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,173 shares of the semiconductor provider's stock after selling 13,335 shares during the period. Investment Management Corp of Ontario's holdings in NXP Semiconductors were worth $4,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after purchasing an additional 5,722 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after purchasing an additional 75 shares during the period. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares in the last quarter. Czech National Bank boosted its stake in NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock valued at $11,454,000 after buying an additional 3,216 shares during the period. Finally, Cullen Investment Group LTD. grew its position in NXP Semiconductors by 3.6% during the fourth quarter. Cullen Investment Group LTD. now owns 9,835 shares of the semiconductor provider's stock worth $2,044,000 after buying an additional 341 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Barclays lowered their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, UBS Group lowered their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Trading Down 0.5%

Shares of NASDAQ NXPI traded down $1.07 during trading hours on Wednesday, hitting $211.33. The company's stock had a trading volume of 2,386,635 shares, compared to its average volume of 2,639,540. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The stock has a market cap of $53.39 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.38. 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 50-day simple moving average of $188.40 and a 200-day simple moving average of $209.27.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.83 billion. During the same period last year, the company earned $3.24 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company 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 of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors's payout ratio is 44.12%.

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.