Nissay Asset Management Corp Japan ADV Buys 1,410 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nissay Asset Management Corp Japan ADV raised its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,134 shares of the semiconductor provider's stock after acquiring an additional 1,410 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in NXP Semiconductors were worth $20,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Sound Income Strategies LLC boosted its position in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after buying an additional 88 shares during the period. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors in the fourth quarter worth approximately $32,000. Brooklyn Investment Group lifted its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth approximately $46,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 sale, the chief operating officer now directly owns 8,828 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $2.08 during mid-day trading on Monday, hitting $210.48. The company's stock had a trading volume of 611,390 shares, compared to its average volume of 3,219,578. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $53.17 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 3.01 and a beta of 1.38. The stock has a fifty day moving average of $188.58 and a 200-day moving average of $208.27.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.93%. NXP Semiconductors's dividend payout ratio is 44.12%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NXPI shares. Mizuho upped their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Susquehanna lowered their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus 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.