NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,108 shares of the semiconductor provider’s stock after selling 21,459 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of NXP Semiconductors worth $71,354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. GDS Wealth Management lifted its holdings in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth about $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth about $360,000. Banque Cantonale Vaudoise lifted its holdings in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC lifted its holdings in NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. TD Cowen cut their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. Finally, Barclays cut their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $269.35.

NXP Semiconductors Trading Down 1.1 %

NASDAQ:NXPI opened at $202.40 on Wednesday. The stock’s 50 day moving average price is $215.21 and its 200 day moving average price is $230.83. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market capitalization of $51.44 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 2.00%. NXP Semiconductors’s payout ratio is currently 38.74%.

NXP Semiconductors 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.