NXP Semiconductors N.V. $NXPI Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 98,175 shares of the semiconductor provider’s stock after buying an additional 1,837 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $21,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares in the last quarter. Washington Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 1.8% in the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after purchasing an additional 55 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of NXP Semiconductors by 0.7% in the fourth quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock valued at $1,673,000 after purchasing an additional 56 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 5.8% in the fourth quarter. Perigon Wealth Management LLC now owns 1,053 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.1%

NASDAQ NXPI opened at $311.38 on Tuesday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $78.61 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The firm’s fifty day simple moving average is $250.51 and its 200-day simple moving average is $231.41.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $2.64 earnings per share. NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Analyst Ratings Changes

NXPI has been the subject of a number of research analyst reports. KeyCorp increased their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Truist Financial increased their target price on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their target price on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Morgan Stanley increased their target price on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC increased their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $294.25.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.05% of the stock is owned by insiders.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.