Meiji Yasuda Asset Management Co Ltd. Has $871,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,190 shares of the semiconductor provider’s stock after selling 257 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NXP Semiconductors were worth $871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC boosted its position in NXP Semiconductors by 915.4% during 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 period. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter valued at $33,000. Sound Income Strategies LLC lifted its holdings in shares of 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 purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the fourth quarter worth $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the fourth quarter worth $32,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $205.75 on Thursday. The company has a market cap of $52.18 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.01 and a beta of 1.47. The company’s fifty day moving average price is $215.40 and its two-hundred day moving average price is $222.45. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. 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 Announces Dividend

The firm 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 of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 1.97%. NXP Semiconductors’s payout ratio is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s 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 directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NXPI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.