Mn Services Vermogensbeheer B.V. Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Mn Services Vermogensbeheer B.V. reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,400 shares of the semiconductor provider’s stock after selling 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in NXP Semiconductors were worth $23,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. Private Advisor Group LLC lifted its stake in shares of NXP Semiconductors by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 14,232 shares of the semiconductor provider’s stock valued at $3,526,000 after acquiring an additional 595 shares during the last quarter. Graypoint LLC bought a new position in shares of NXP Semiconductors in the first quarter worth approximately $226,000. Financial Counselors Inc. increased its stake in shares of NXP Semiconductors by 11.2% in the first quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock worth $603,000 after buying an additional 245 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in NXP Semiconductors by 4.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,235 shares of the semiconductor provider’s stock valued at $802,000 after buying an additional 132 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in NXP Semiconductors during the 1st quarter valued at $54,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $236.90 on Tuesday. The company has a market capitalization of $60.35 billion, a P/E ratio of 22.14, a PEG ratio of 2.59 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a 50-day simple moving average of $237.30 and a 200 day simple moving average of $253.27. NXP Semiconductors has a fifty-two week low of $178.19 and a fifty-two week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.71%. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NXPI shares. Needham & Company LLC lifted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Citigroup increased their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock. Truist Financial lowered their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Morgan Stanley cut their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $288.90.

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.