Man Group plc Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Man Group plc reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,881 shares of the semiconductor provider’s stock after selling 100,579 shares during the quarter. Man Group plc’s holdings in NXP Semiconductors were worth $31,153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Central Bank & Trust Co. grew its position in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after acquiring an additional 48 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA increased its position in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the last quarter. J. W. Coons Advisors LLC raised its holdings in shares of NXP Semiconductors by 2.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after buying an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its holdings in shares of NXP Semiconductors by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider’s stock valued at $4,180,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent research reports. Barclays reduced their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. TD Cowen increased their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $210.73 on Friday. The business has a 50 day moving average of $188.44 and a 200 day moving average of $209.00. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a market cap of $53.24 billion, a PE ratio of 21.66, a P/E/G ratio of 3.01 and a beta of 1.38. 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 (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $3.24 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

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.