Nissay Asset Management Corp Japan ADV Increases Position in NXP Semiconductors (NASDAQ:NXPI)

Nissay Asset Management Corp Japan ADV raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,134 shares of the semiconductor provider’s stock after buying an additional 1,410 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in NXP Semiconductors were worth $20,977,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC grew its position in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the 4th quarter valued at $32,000. Smithfield Trust Co purchased a new position in NXP Semiconductors in the 4th quarter worth about $32,000. Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. Finally, Asset Dedication LLC increased its stake in NXP Semiconductors by 126.6% in the 4th quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider’s stock worth $74,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Citigroup lowered their target price on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NXPI opened at $212.40 on Wednesday. The company has a market cap of $53.66 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $188.63 and a two-hundred day moving average of $209.25.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $3.24 EPS. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were 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 in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

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.