Meridiem Capital Partners LP reduced its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,114 shares of the semiconductor provider’s stock after selling 5,117 shares during the quarter. NXP Semiconductors makes up approximately 2.0% of Meridiem Capital Partners LP’s holdings, making the stock its 17th biggest position. Meridiem Capital Partners LP owned approximately 0.05% of NXP Semiconductors worth $30,542,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Financial Group Inc. grew its position in NXP Semiconductors by 712.0% in the third quarter. Johnson Financial Group Inc. now owns 812 shares of the semiconductor provider’s stock valued at $186,000 after purchasing an additional 712 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in NXP Semiconductors by 38.0% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 37,674 shares of the semiconductor provider’s stock worth $8,580,000 after buying an additional 10,368 shares in the last quarter. Invesco Ltd. boosted its stake in shares of NXP Semiconductors by 3.2% during the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock worth $1,083,013,000 after buying an additional 147,192 shares during the last quarter. Seven Mile Advisory acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth about $215,000. Finally, Employees Retirement System of Texas grew its holdings in shares of NXP Semiconductors by 8.5% in the 3rd quarter. Employees Retirement System of Texas now owns 303,522 shares of the semiconductor provider’s stock valued at $69,121,000 after acquiring an additional 23,800 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Stock Performance
NXP Semiconductors stock traded up $1.12 during midday trading on Friday, reaching $192.34. 143,231 shares of the company’s stock were exchanged, compared to its average volume of 2,914,019. The stock’s 50-day simple moving average is $229.62 and its 200 day simple moving average is $222.09. The firm has a market cap of $48.60 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $256.36.
NXP Semiconductors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 2.1%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 51.13%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on NXPI. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Truist Financial decreased their price target on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. TD Cowen lowered their price target on NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price objective on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Mizuho decreased their target price on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $253.67.
Check Out Our Latest Research Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.
NXP Semiconductors Profile
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.
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