NXP Semiconductors N.V. $NXPI Shares Purchased by National Pension Service

National Pension Service raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.0% during the third quarter, Holdings Channel.com reports. The firm owned 801,609 shares of the semiconductor provider’s stock after buying an additional 15,929 shares during the period. National Pension Service’s holdings in NXP Semiconductors were worth $182,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Shelton Capital Management boosted its position in NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after acquiring an additional 11,577 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of NXP Semiconductors during the second quarter worth $3,540,000. Vantage Investment Partners LLC grew its position in shares of NXP Semiconductors by 5.2% in the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock valued at $7,471,000 after purchasing an additional 1,675 shares during the period. CCLA Investment Management grew its position in shares of NXP Semiconductors by 6.5% in the second quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock valued at $119,121,000 after purchasing an additional 33,112 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in NXP Semiconductors by 13.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after purchasing an additional 7,034 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the sale, the executive vice president owned 9,965 shares in the company, valued at $2,273,714.05. This represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,097 shares of company stock worth $5,003,058. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $226.14 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The company has a market cap of $56.91 billion, a PE ratio of 27.99, a P/E/G ratio of 2.92 and a beta of 1.46. The company’s fifty day simple moving average is $225.58 and its 200-day simple moving average is $221.24. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 50.25%.

Analyst Ratings Changes

Several analysts have commented on NXPI shares. Wells Fargo & Company lifted their price target on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $259.29.

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.