Siemens Fonds Invest GmbH Has $1.08 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Siemens Fonds Invest GmbH trimmed its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 61.1% during the 4th 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 period. Siemens Fonds Invest GmbH's holdings in NXP Semiconductors were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NXP Semiconductors during the 4th quarter worth about $672,224,000. Van ECK Associates Corp lifted its holdings in shares of NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after acquiring an additional 500,413 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NXP Semiconductors by 36.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in NXP Semiconductors by 10.2% during the 4th quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after purchasing an additional 402,672 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research report on Monday, April 21st. 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. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $246.22.

Insider Activity at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $0.28 during mid-day trading on Tuesday, reaching $210.08. 1,671,939 shares of the company were exchanged, compared to its average volume of 2,645,455. The company's 50-day simple moving average is $188.70 and its 200-day simple moving average is $208.07. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $53.07 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (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 the consensus estimate of $2.83 billion. During the same period in the previous year, the company posted $3.24 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors's payout ratio is 44.12%.

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.