Nikko Asset Management Americas Inc. Sells 4,006 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nikko Asset Management Americas Inc. cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,127 shares of the semiconductor provider’s stock after selling 4,006 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in NXP Semiconductors were worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ascent Group LLC grew its holdings in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the last quarter. Central Bank & Trust Co. grew its holdings in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after purchasing an additional 48 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the last quarter. Finally, Trustmark National Bank Trust Department grew its holdings in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after purchasing an additional 59 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NXPI shares. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Up 2.6 %

Shares of NASDAQ NXPI opened at $206.16 on Monday. The company has a market capitalization of $52.29 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company’s 50 day moving average price is $215.95 and its 200-day moving average price is $224.33.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 1.97%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.