NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,922 shares of the semiconductor provider’s stock after acquiring an additional 688 shares during the period. Vinva Investment Management Ltd’s holdings in NXP Semiconductors were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the period. Van ECK Associates Corp grew its stake in NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after acquiring an additional 724,951 shares during the period. Assenagon Asset Management S.A. grew its stake in NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after acquiring an additional 511,553 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in NXP Semiconductors during the 3rd quarter worth $48,002,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % 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

Shares of NXP Semiconductors stock opened at $207.38 on Thursday. The firm has a market cap of $52.60 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The firm’s 50-day simple moving average is $215.72 and its 200-day simple moving average is $223.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

About NXP Semiconductors

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.