PGGM Investments Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

PGGM Investments cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,832 shares of the semiconductor provider’s stock after selling 1,637 shares during the period. PGGM Investments’ holdings in NXP Semiconductors were worth $7,081,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in NXP Semiconductors by 0.4% during the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after purchasing an additional 91,453 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in NXP Semiconductors by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock valued at $440,841,000 after purchasing an additional 92,571 shares in the last quarter. Morgan Stanley lifted its holdings in NXP Semiconductors by 5.8% during the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock valued at $437,008,000 after purchasing an additional 119,183 shares in the last quarter. Northern Trust Corp lifted its holdings in NXP Semiconductors by 10.9% during the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after purchasing an additional 211,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NXP Semiconductors by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,337,449 shares of the semiconductor provider’s stock valued at $267,383,000 after purchasing an additional 6,113 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 1.9 %

Shares of NXPI traded up $4.62 during trading on Friday, reaching $242.70. 2,059,388 shares of the company traded hands, compared to its average volume of 2,041,337. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26. The stock has a market cap of $62.16 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The stock has a 50-day simple moving average of $241.20 and a 200-day simple moving average of $219.86. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. On average, analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. TD Cowen raised their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley raised their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Susquehanna raised their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.29.

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.