Achmea Investment Management B.V. Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Achmea Investment Management B.V. cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,072 shares of the semiconductor provider’s stock after selling 2,612 shares during the quarter. Achmea Investment Management B.V.’s holdings in NXP Semiconductors were worth $2,717,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares during the period. Van ECK Associates Corp grew 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 purchasing an additional 824,317 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $48,002,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $206.16 on Friday. 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 has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The firm has a market capitalization of $52.29 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The stock’s 50-day simple moving average is $215.95 and its 200-day simple moving average is $224.68.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Susquehanna lowered their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

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.