NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 128.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,500 shares of the semiconductor provider’s stock after purchasing an additional 19,400 shares during the quarter. NXP Semiconductors accounts for approximately 1.1% of Taikang Asset Management Hong Kong Co Ltd’s investment portfolio, making the stock its 25th biggest holding. Taikang Asset Management Hong Kong Co Ltd’s holdings in NXP Semiconductors were worth $7,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in NXP Semiconductors by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock valued at $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. State Street Corp boosted its holdings in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. increased its holdings in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on NXPI shares. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial lifted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays reduced 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. Finally, Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company’s 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 transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $211.12 on Tuesday. The company’s 50-day moving average is $215.54 and its two-hundred day moving average is $222.68. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market capitalization of $53.54 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given 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 1.92%. NXP Semiconductors’s 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.