Resona Asset Management Co. Ltd. Reduces Stock Position in NXP Semiconductors N.V. $NXPI

Resona Asset Management Co. Ltd. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,317 shares of the semiconductor provider’s stock after selling 3,328 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $13,961,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NXPI. JPL Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter valued at $26,000. CNB Bank purchased a new position in NXP Semiconductors in the third quarter valued at $28,000. Wexford Capital LP acquired a new position in NXP Semiconductors in the third quarter valued at $31,000. Kelleher Financial Advisors acquired a new position in NXP Semiconductors in the third quarter valued at $31,000. Finally, Community Bank N.A. acquired a new position in NXP Semiconductors in the third quarter valued at $37,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. Sanford C. Bernstein upped their price objective on shares of NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wolfe Research upped their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Loop Capital upped their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,865 shares of company stock worth $2,508,416. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $310.15 on Thursday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $311.04. The company has a market capitalization of $78.30 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.77. The firm has a 50-day simple moving average of $230.48 and a 200-day simple moving average of $225.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm earned $2.64 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio is 38.85%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.