Meiji Yasuda Asset Management Co Ltd. Sells 257 Shares of NXP Semiconductors (NASDAQ:NXPI)

Meiji Yasuda Asset Management Co Ltd. reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,190 shares of the semiconductor provider’s stock after selling 257 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NXP Semiconductors were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. Great Valley Advisor Group Inc. raised its stake in shares of NXP Semiconductors by 14.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider’s stock worth $599,000 after purchasing an additional 311 shares during the period. Cerity Partners LLC raised its position in NXP Semiconductors by 21.3% in the third quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider’s stock worth $8,432,000 after acquiring an additional 6,164 shares during the period. Kingsview Wealth Management LLC boosted its stake in NXP Semiconductors by 26.1% in the third quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock valued at $483,000 after acquiring an additional 416 shares during the last quarter. Larson Financial Group LLC grew its position in shares of NXP Semiconductors by 213.8% during the 3rd quarter. Larson Financial Group LLC now owns 907 shares of the semiconductor provider’s stock valued at $218,000 after acquiring an additional 618 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of NXP Semiconductors by 12.5% during the 3rd quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock worth $220,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NXPI shares. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Barclays cut their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $205.75 on Thursday. The firm has a 50 day simple moving average of $215.40 and a two-hundred day simple moving average of $222.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market cap of $52.18 billion, a PE ratio of 21.15, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

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.