Mufg Securities Americas Inc. Makes New $780,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Mufg Securities Americas Inc. bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,752 shares of the semiconductor provider's stock, valued at approximately $780,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. increased its stake in NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NXP Semiconductors by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after purchasing an additional 144,391 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after buying an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after buying an additional 269,656 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NXP Semiconductors 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $0.28 during mid-day trading on Tuesday, reaching $210.64. The stock had a trading volume of 375,064 shares, compared to its average volume of 2,634,976. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The business has a 50 day simple moving average of $188.70 and a 200 day simple moving average of $208.07. The firm has a market capitalization of $53.21 billion, a price-to-earnings ratio of 21.62, a PEG 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.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating 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 business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $3.24 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Truist Financial increased their target price 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. JPMorgan Chase & Co. dropped their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Barclays dropped their price target 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, TD Cowen lifted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $246.22.

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.