Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Mirae Asset Global Investments Co. Ltd. boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 14.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 355,567 shares of the semiconductor provider’s stock after buying an additional 44,304 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.14% of NXP Semiconductors worth $87,084,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NXPI. Outlook Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 7.4% in the third quarter. Outlook Wealth Advisors LLC now owns 1,475 shares of the semiconductor provider’s stock valued at $354,000 after purchasing an additional 102 shares during the last quarter. Mediolanum International Funds Ltd increased its stake in NXP Semiconductors by 1.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 29,635 shares of the semiconductor provider’s stock valued at $7,246,000 after buying an additional 445 shares during the last quarter. Ballentine Partners LLC increased its stake in NXP Semiconductors by 6.0% in the 3rd quarter. Ballentine Partners LLC now owns 1,282 shares of the semiconductor provider’s stock valued at $308,000 after buying an additional 73 shares during the last quarter. Financial Partners Group LLC lifted its position in shares of NXP Semiconductors by 12.1% during the 3rd quarter. Financial Partners Group LLC now owns 8,212 shares of the semiconductor provider’s stock worth $1,971,000 after buying an additional 884 shares in the last quarter. Finally, West Michigan Advisors LLC boosted its stake in shares of NXP Semiconductors by 7.2% in the 3rd quarter. West Michigan Advisors LLC now owns 1,860 shares of the semiconductor provider’s stock worth $448,000 after buying an additional 125 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 1.7 %

Shares of NXPI opened at $243.16 on Friday. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The stock has a market cap of $61.94 billion, a PE ratio of 22.73, a P/E/G ratio of 2.50 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average price is $238.60 and its 200-day moving average price is $252.67.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley decreased their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Barclays raised their target price on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $288.90.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % 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. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Company 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.