Harvest Fund Management Co. Ltd Has $2.99 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Harvest Fund Management Co. Ltd increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 27.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,958 shares of the semiconductor provider’s stock after purchasing an additional 3,224 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $2,992,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after purchasing an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in NXP Semiconductors during the 3rd quarter valued at $48,002,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $207.10 on Wednesday. The business’s 50-day moving average price is $215.77 and its two-hundred day moving average price is $223.71. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The stock has a market cap of $52.52 billion, a PE ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

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.