NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,068 shares of the semiconductor provider’s stock after selling 7,764 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of NXP Semiconductors worth $55,876,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in NXP Semiconductors by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after acquiring an additional 118,562 shares during the period. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after buying an additional 325,187 shares during the period. Finally, Putnam Investments LLC raised its position in NXP Semiconductors by 4.4% during the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after buying an additional 65,741 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $9.98 during mid-day trading on Friday, reaching $269.29. The company’s stock had a trading volume of 2,403,162 shares, compared to its average volume of 1,726,966. The stock has a market capitalization of $68.85 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.52 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The stock has a 50-day moving average of $273.25 and a two-hundred day moving average of $248.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities research analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $325.00 in a report on Friday, May 24th. Needham & Company LLC upped their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays boosted their price target on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.54.

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.