Price Capital Management Inc. Takes $51,000 Position in NXP Semiconductors NV (NASDAQ:NXPI)

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Price Capital Management Inc. acquired a new stake in NXP Semiconductors NV (NASDAQ:NXPI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 400 shares of the semiconductor provider’s stock, valued at approximately $51,000. NXP Semiconductors comprises about 0.0% of Price Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position.

Several other large investors have also recently bought and sold shares of the company. Boston Partners boosted its stake in NXP Semiconductors by 5.1% during the third quarter. Boston Partners now owns 5,276,672 shares of the semiconductor provider’s stock worth $576,116,000 after acquiring an additional 256,202 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in NXP Semiconductors by 667.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,412,986 shares of the semiconductor provider’s stock worth $481,545,000 after acquiring an additional 3,837,685 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in NXP Semiconductors by 15.7% during the third quarter. Pictet Asset Management Ltd. now owns 3,509,714 shares of the semiconductor provider’s stock worth $382,980,000 after acquiring an additional 476,087 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in NXP Semiconductors by 221.9% during the second quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after acquiring an additional 1,893,827 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in NXP Semiconductors by 581.2% during the second quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after acquiring an additional 2,273,799 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors.

NXPI has been the topic of several research analyst reports. Piper Jaffray Companies increased their target price on shares of NXP Semiconductors from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Piper Sandler upped their price objective on shares of NXP Semiconductors from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. ValuEngine upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $130.00.

NXPI traded up $1.32 during trading on Thursday, hitting $133.82. 1,680,140 shares of the company’s stock were exchanged, compared to its average volume of 1,787,057. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $124.65 and its two-hundred day moving average is $110.54. NXP Semiconductors NV has a fifty-two week low of $77.59 and a fifty-two week high of $133.68. The stock has a market cap of $37.10 billion, a P/E ratio of 22.53, a PEG ratio of 1.48 and a beta of 1.24.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, October 28th. The semiconductor provider reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.57. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. NXP Semiconductors had a net margin of 4.51% and a return on equity of 23.37%. On average, sell-side analysts forecast that NXP Semiconductors NV will post 6.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.12%. NXP Semiconductors’s dividend payout ratio is currently 25.25%.

In other news, EVP Keith M. Shull sold 4,398 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $119.00, for a total value of $523,362.00. Following the completion of the sale, the executive vice president now owns 15,092 shares in the company, valued at $1,795,948. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Keith M. Shull sold 21,085 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the completion of the sale, the executive vice president now owns 15,092 shares of the company’s stock, valued at approximately $1,801,230.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,416 shares of company stock valued at $4,245,127.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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