Dai ichi Life Insurance Company Ltd Trims Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Dai ichi Life Insurance Company Ltd reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 34.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,873 shares of the semiconductor provider’s stock after selling 7,736 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in NXP Semiconductors were worth $3,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its stake in NXP Semiconductors by 12.5% in the third quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock valued at $220,000 after purchasing an additional 102 shares during the last quarter. Boston Family Office LLC increased its stake in NXP Semiconductors by 22.6% in the third quarter. Boston Family Office LLC now owns 1,140 shares of the semiconductor provider’s stock valued at $274,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in NXP Semiconductors by 9.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 11,734 shares of the semiconductor provider’s stock valued at $2,816,000 after purchasing an additional 1,013 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in NXP Semiconductors by 3.9% in the third quarter. Daiwa Securities Group Inc. now owns 80,957 shares of the semiconductor provider’s stock valued at $19,431,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Marco Investment Management LLC increased its stake in NXP Semiconductors by 3.0% in the third quarter. Marco Investment Management LLC now owns 75,525 shares of the semiconductor provider’s stock valued at $18,127,000 after purchasing an additional 2,177 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Down 2.2 %

Shares of NXP Semiconductors stock opened at $228.66 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The business’s 50 day simple moving average is $233.53 and its 200-day simple moving average is $250.98. The stock has a market capitalization of $58.12 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.70 and a beta of 1.49. NXP Semiconductors has a twelve month low of $198.00 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS. Equities research analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Finally, Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $274.14.

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.