Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 452,722 shares of the semiconductor provider’s stock after purchasing an additional 25,945 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of NXP Semiconductors worth $94,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. Parametrica Management Ltd purchased a new position in shares of NXP Semiconductors in the 4th quarter worth $243,000. Prestige Wealth Management Group LLC increased its stake in NXP Semiconductors by 22.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 493 shares of the semiconductor provider’s stock worth $103,000 after acquiring an additional 89 shares during the last quarter. EFG Asset Management North America Corp. raised its position in NXP Semiconductors by 8.9% during the fourth quarter. EFG Asset Management North America Corp. now owns 9,000 shares of the semiconductor provider’s stock valued at $1,871,000 after purchasing an additional 737 shares during the period. Taikang Asset Management Hong Kong Co Ltd lifted its stake in shares of NXP Semiconductors by 128.5% in the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 34,500 shares of the semiconductor provider’s stock valued at $7,171,000 after purchasing an additional 19,400 shares during the last quarter. Finally, Sound Shore Management Inc. CT boosted its holdings in shares of NXP Semiconductors by 66.7% in the 4th quarter. Sound Shore Management Inc. CT now owns 433,328 shares of the semiconductor provider’s stock worth $90,067,000 after purchasing an additional 173,360 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $231.00 to $257.00 in a research 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 report on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus dropped their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 2.8 %

NASDAQ NXPI opened at $200.06 on Friday. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The company has a 50 day moving average price of $215.18 and a 200 day moving average price of $222.30. 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 firm has a market cap of $50.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is presently 41.62%.

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.