Codex Capital Asset Management L.L.C. Sells 5,000 Shares of NXP Semiconductors N.V. $NXPI

Codex Capital Asset Management L.L.C. lessened its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 47.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,500 shares of the semiconductor provider’s stock after selling 5,000 shares during the period. NXP Semiconductors accounts for approximately 0.4% of Codex Capital Asset Management L.L.C.’s investment portfolio, making the stock its 29th largest holding. Codex Capital Asset Management L.L.C.’s holdings in NXP Semiconductors were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NXPI. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the period. Wellington Management Group LLP boosted its holdings in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after acquiring an additional 1,333,920 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of NXP Semiconductors by 56.3% during the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after acquiring an additional 690,277 shares during the period. Finally, Woodline Partners LP boosted its holdings in shares of NXP Semiconductors by 6,342.2% during the third quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock worth $153,354,000 after acquiring an additional 662,950 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Wolfe Research lifted their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Barclays lifted their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Susquehanna lifted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Oppenheimer lifted their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,611 shares of company stock valued at $2,866,498. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Up 3.6%

Shares of NXPI opened at $315.88 on Tuesday. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a market cap of $79.75 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.10 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $273.10 and a two-hundred day simple moving average of $239.45.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating 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 period in the previous year, the business earned $2.64 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s payout ratio is currently 38.85%.

NXP Semiconductors Company Profile

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.