NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 34.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,873 shares of the semiconductor provider’s stock after selling 7,736 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in NXP Semiconductors were worth $3,570,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the period. International Assets Investment Management LLC increased its position in shares of NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at $84,901,000. Assenagon Asset Management S.A. increased its position in shares of NXP Semiconductors by 1,882.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after purchasing an additional 326,197 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of NXP Semiconductors by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 601,370 shares of the semiconductor provider’s stock valued at $161,823,000 after purchasing an additional 257,683 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $228.66 on Wednesday. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The stock’s 50-day moving average is $233.53 and its two-hundred day moving average is $250.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm has a market cap of $58.12 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 4.70 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.77%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC lowered their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Barclays reduced their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price for the company. The Goldman Sachs Group decreased their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Stifel Nicolaus decreased their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.14.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.