Voya Investment Management LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 45.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,665 shares of the semiconductor provider's stock after selling 339,973 shares during the quarter. Voya Investment Management LLC owned 0.16% of NXP Semiconductors worth $84,525,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after buying an additional 86,716 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 valued at $1,672,409,000 after purchasing an additional 144,391 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the period. Finally, Franklin Resources Inc. increased its stake in NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NXPI shares. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. UBS Group lowered their price target on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC reduced their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, 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 report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.85.
Get Our Latest Research Report on NXPI
NXP Semiconductors Trading Down 1.2 %
Shares of NASDAQ:NXPI traded down $2.13 during midday trading on Wednesday, hitting $180.49. The company had a trading volume of 1,118,242 shares, compared to its average volume of 2,602,060. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a fifty day simple moving average of $194.84 and a 200 day simple moving average of $212.35. The stock has a market cap of $45.78 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.01 and a beta of 1.40.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 earnings per share. On average, analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.
NXP Semiconductors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.25%. NXP Semiconductors's dividend payout ratio is presently 41.62%.
Insider Buying and Selling
In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on 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 owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.
About NXP Semiconductors
(
Free Report)
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.
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