Meiji Yasuda Asset Management Co Ltd. Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Meiji Yasuda Asset Management Co Ltd. cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,206 shares of the semiconductor provider’s stock after selling 801 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in NXP Semiconductors were worth $1,401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of NXP Semiconductors by 2.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider’s stock worth $5,301,000 after purchasing an additional 425 shares during the period. E Fund Management Co. Ltd. lifted its holdings in NXP Semiconductors by 20.2% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,155 shares of the semiconductor provider’s stock valued at $1,387,000 after buying an additional 865 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in NXP Semiconductors by 5.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,760 shares of the semiconductor provider’s stock valued at $9,623,000 after buying an additional 1,965 shares in the last quarter. Virtu Financial LLC bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $1,858,000. Finally, Edgestream Partners L.P. bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $258,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. TD Cowen reduced their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Truist Financial reduced their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Up 3.1 %

Shares of NXP Semiconductors stock opened at $238.72 on Friday. The firm’s 50 day moving average price is $248.98 and its 200-day moving average price is $254.45. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a market cap of $61.04 billion, a P/E ratio of 22.04, a PEG ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. On average, sell-side analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

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.