NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 30.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,804,321 shares of the semiconductor provider’s stock after selling 789,970 shares during the quarter. Legal & General Group Plc’s holdings in NXP Semiconductors were worth $375,028,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock worth $5,213,861,000 after buying an additional 86,716 shares during the period. Vanguard Group Inc. raised its position in NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of NXP Semiconductors by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after purchasing an additional 144,391 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after buying an additional 96,483 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after buying an additional 269,656 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 1.5 %

NXPI stock opened at $163.29 on Tuesday. NXP Semiconductors has a fifty-two week low of $152.37 and a fifty-two week high of $296.08. The stock has a market cap of $41.41 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The firm’s 50-day simple moving average is $210.18 and its 200 day simple moving average is $219.69. 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 firm 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 $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.48%. NXP Semiconductors’s payout ratio is 41.62%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.