NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 218,170 shares of the semiconductor provider’s stock after selling 4,236 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NXP Semiconductors were worth $45,347,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC grew its stake in 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 during the period. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NXPI. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $211.33 on Wednesday. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08. The firm has a 50-day moving average of $215.56 and a two-hundred day moving average of $222.57. The firm has a market capitalization of $53.60 billion, a PE ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

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.