Elo Mutual Pension Insurance Co Has $4.83 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Elo Mutual Pension Insurance Co lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,247 shares of the semiconductor provider’s stock after selling 1,045 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in NXP Semiconductors were worth $4,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, Smithfield Trust Co bought a new position in NXP Semiconductors in the fourth quarter valued at approximately $32,000. 90.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective 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. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Down 2.8 %

Shares of NXPI stock opened at $200.06 on Friday. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47. The firm’s 50-day moving average is $215.18 and its 200-day moving average is $222.30. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 2.03%. NXP Semiconductors’s dividend payout ratio is 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.