Allianz SE Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Allianz SE bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,831 shares of the semiconductor provider’s stock, valued at approximately $1,832,000.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth $33,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 5.0 %

Shares of NASDAQ:NXPI opened at $189.99 on Friday. The company has a market capitalization of $48.19 billion, a PE ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $188.85 and a 12-month high of $296.08. The business’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $221.99.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be issued a $1.014 dividend. 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 is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays reduced their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Mizuho boosted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Company 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.