NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 52.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 846 shares of the semiconductor provider’s stock after selling 950 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in NXP Semiconductors were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the period. Vanguard Group Inc. increased its holdings in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $164,044,000. Kodai Capital Management LP bought a new position in NXP Semiconductors in the 4th quarter valued at about $125,319,000. Finally, Bessemer Group Inc. increased its stake in NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after buying an additional 349,061 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were 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 of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Down 0.5 %

Shares of NASDAQ:NXPI opened at $231.51 on Thursday. The firm has a 50 day simple moving average of $249.70 and a 200 day simple moving average of $254.56. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $59.19 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. NXP Semiconductors’s payout ratio is presently 37.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Barclays upped their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. TD Cowen lowered their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer upped their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Citigroup raised their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

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.