NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Korea Investment CORP

Korea Investment CORP cut its position in NXP Semiconductors (NASDAQ:NXPI) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,309 shares of the semiconductor provider’s stock after selling 64,295 shares during the quarter. Korea Investment CORP owned about 0.05% of NXP Semiconductors worth $28,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Parametrica Management Ltd purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $243,000. Prestige Wealth Management Group LLC increased its stake in shares of NXP Semiconductors by 22.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 493 shares of the semiconductor provider’s stock worth $103,000 after purchasing an additional 89 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in NXP Semiconductors by 8.9% in the fourth quarter. EFG Asset Management North America Corp. now owns 9,000 shares of the semiconductor provider’s stock worth $1,871,000 after purchasing an additional 737 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its position in NXP Semiconductors by 128.5% during the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 34,500 shares of the semiconductor provider’s stock worth $7,171,000 after buying an additional 19,400 shares during the last quarter. Finally, Sound Shore Management Inc. CT raised its holdings in NXP Semiconductors by 66.7% during the fourth quarter. Sound Shore Management Inc. CT now owns 433,328 shares of the semiconductor provider’s stock valued at $90,067,000 after buying an additional 173,360 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In related 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 transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $189.99 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 market capitalization of $48.19 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. The firm’s 50 day moving average is $214.68 and its 200-day moving average is $222.01. NXP Semiconductors has a 1 year low of $188.85 and a 1 year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent analyst reports. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.