NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,170 shares of the semiconductor provider’s stock after selling 4,236 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of NXP Semiconductors worth $45,347,000 as of its most recent SEC filing.

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

NXP Semiconductors Trading Up 0.1 %

Shares of NXPI stock opened at $211.33 on Wednesday. NXP Semiconductors has a fifty-two week low of $196.95 and a fifty-two week high of $296.08. 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 business has a fifty day simple moving average of $215.56 and a 200-day simple moving average of $222.57. The stock has a market cap of $53.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. 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. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Finally, Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.