Schroder Investment Management Group Has $43.32 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Schroder Investment Management Group reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,795 shares of the semiconductor provider’s stock after selling 12,603 shares during the period. Schroder Investment Management Group’s holdings in NXP Semiconductors were worth $43,319,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $13,445,000. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Austin Private Wealth LLC increased its stake in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after acquiring an additional 2,609 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.0 %

Shares of NXP Semiconductors stock opened at $190.00 on Wednesday. The firm has a market cap of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 1 year low of $183.56 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a fifty day moving average price of $213.67 and a 200-day moving average price of $221.40.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Needham & Company LLC cut their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Truist Financial raised their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

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.