Nomura Asset Management Co. Ltd. Sells 1,087 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nomura Asset Management Co. Ltd. decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,506 shares of the semiconductor provider’s stock after selling 1,087 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $18,396,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NXPI. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $46,000. Austin Private Wealth LLC grew its position in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of NXP Semiconductors by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after buying an additional 2,609 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Trading Down 5.0 %

NASDAQ NXPI opened at $189.99 on Friday. NXP Semiconductors has a 12-month low of $188.85 and a 12-month high of $296.08. The company has a fifty day simple moving average of $214.68 and a two-hundred day simple moving average of $221.99. 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 stock has a market cap of $48.19 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target 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, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Profile

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.