NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,086,294 shares of the semiconductor provider’s stock after acquiring an additional 500,413 shares during the quarter. NXP Semiconductors comprises 0.9% of Pictet Asset Management Holding SA’s holdings, making the stock its 18th largest holding. Pictet Asset Management Holding SA’s holdings in NXP Semiconductors were worth $849,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its holdings in NXP Semiconductors by 26.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock valued at $483,000 after buying an additional 416 shares during the period. Larson Financial Group LLC raised its stake in shares of NXP Semiconductors by 213.8% in 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. Private Trust Co. NA lifted its holdings in shares of NXP Semiconductors by 12.5% in the 3rd quarter. Private Trust Co. NA now owns 915 shares of the semiconductor provider’s stock worth $220,000 after acquiring an additional 102 shares during the last quarter. Avestar Capital LLC boosted its position in shares of NXP Semiconductors by 15.1% during the 3rd quarter. Avestar Capital LLC now owns 1,373 shares of the semiconductor provider’s stock worth $330,000 after purchasing an additional 180 shares during the period. Finally, Townsquare Capital LLC increased its holdings in NXP Semiconductors by 26.0% in the 3rd quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock valued at $1,127,000 after purchasing an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several research analyst reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays dropped their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Susquehanna reduced their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. 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

Shares of NXP Semiconductors stock opened at $200.06 on Friday. The firm’s fifty day simple moving average is $215.18 and its 200-day simple moving average is $222.30. NXP Semiconductors has a 12 month low of $196.95 and a 12 month high of $296.08. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.03%. 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.