3,234,177 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by Norges Bank

Norges Bank acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,234,177 shares of the semiconductor provider’s stock, valued at approximately $672,224,000. Norges Bank owned about 1.27% of NXP Semiconductors at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth $33,000. Sound Income Strategies LLC grew its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Finally, Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $200.06 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market cap of $50.74 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. The stock has a 50-day moving average of $215.18 and a two-hundred day moving average of $222.30. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The firm 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 dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPI. Susquehanna dropped their price objective 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. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho boosted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Truist Financial raised their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $267.00.

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.