Mirae Asset Global Investments Co. Ltd. Sells 44,483 Shares of NXP Semiconductors N.V. $NXPI

Mirae Asset Global Investments Co. Ltd. reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,248 shares of the semiconductor provider’s stock after selling 44,483 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of NXP Semiconductors worth $77,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CNB Bank bought a new stake in NXP Semiconductors in the third quarter worth $28,000. Delos Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at $35,000. True Wealth Design LLC raised its position in shares of NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in NXP Semiconductors in the 2nd quarter worth about $43,000. Finally, North Capital Inc. boosted its stake in NXP Semiconductors by 119.8% in the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NXPI shares. Mizuho raised their price objective on shares of NXP Semiconductors from $265.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Barclays reissued an “overweight” rating and set a $255.00 price target on shares of NXP Semiconductors in a report on Thursday, January 15th. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.29.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern bought 225 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average price of $225.48 per share, with a total value of $50,733.00. Following the purchase, the insider owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,097 shares of company stock valued at $5,003,058. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Up 4.6%

Shares of NASDAQ:NXPI opened at $240.03 on Thursday. The stock has a 50 day moving average of $223.90 and a 200 day moving average of $221.15. The company has a market cap of $60.41 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.46. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. NXP Semiconductors’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is 50.25%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.