Pictet Asset Management Holding SA Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Pictet Asset Management Holding SA boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,086,294 shares of the semiconductor provider’s stock after acquiring an additional 500,413 shares during the quarter. NXP Semiconductors comprises about 0.9% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 18th biggest position. Pictet Asset Management Holding SA owned 1.61% of NXP Semiconductors worth $849,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter worth $3,826,000. Providence Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 0.8% in the fourth quarter. Providence Capital Advisors LLC now owns 26,329 shares of the semiconductor provider’s stock valued at $5,473,000 after acquiring an additional 215 shares in the last quarter. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter worth about $672,224,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in NXP Semiconductors by 11.8% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 28,400 shares of the semiconductor provider’s stock worth $5,903,000 after acquiring an additional 3,000 shares during the period. Finally, Homestead Advisers Corp grew its holdings in NXP Semiconductors by 3.9% during the 4th quarter. Homestead Advisers Corp now owns 370,603 shares of the semiconductor provider’s stock worth $77,030,000 after acquiring an additional 13,900 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.8 %

NXPI stock opened at $200.06 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $215.18 and a two-hundred day moving average of $222.30. NXP Semiconductors has a 12 month low of $196.95 and a 12 month high of $296.08. The company has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’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 completion of the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Truist Financial upped their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, 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 report on Wednesday, February 5th. Four 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 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.