Prudential Financial Inc. Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Prudential Financial Inc. decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 71.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,889 shares of the semiconductor provider’s stock after selling 67,266 shares during the quarter. Prudential Financial Inc.’s holdings in NXP Semiconductors were worth $5,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ascent Group LLC grew its holdings in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. grew its stake in shares of NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA raised its position in shares of NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after buying an additional 53 shares during the period. Finally, J. W. Coons Advisors LLC boosted its holdings in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $189.99 on Monday. 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 has a 1 year low of $188.85 and a 1 year high of $296.08. The firm’s 50-day simple moving average is $214.68 and its 200-day simple moving average is $221.93. The firm has a market cap of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company 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 dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Needham & Company LLC dropped their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $210.00 to $290.00 in a report on Thursday, February 20th. 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 note on Wednesday, February 5th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Barclays decreased their price target 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. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average 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.