Corebridge Financial Inc. Has $16.23 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Corebridge Financial Inc. lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,078 shares of the semiconductor provider’s stock after selling 2,613 shares during the quarter. Corebridge Financial Inc.’s holdings in NXP Semiconductors were worth $16,229,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NXPI. Vanguard Group Inc. raised its position in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. State Street Corp raised its position in shares of NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after acquiring an additional 93,129 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NXPI shares. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $211.12 on Tuesday. The company has a market capitalization of $53.54 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $196.95 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 $215.54 and its two-hundred day moving average price is $222.68.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business’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 sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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.