Metropolitan Life Insurance Co NY Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Metropolitan Life Insurance Co NY lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 11,319 shares of the semiconductor provider’s stock after selling 271 shares during the period. Metropolitan Life Insurance Co NY’s holdings in NXP Semiconductors were worth $2,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Veritable L.P. boosted its holdings in NXP Semiconductors by 2.1% in the second quarter. Veritable L.P. now owns 2,453 shares of the semiconductor provider’s stock worth $502,000 after purchasing an additional 50 shares during the last quarter. Merlin Capital LLC lifted its holdings in NXP Semiconductors by 1.4% in the second quarter. Merlin Capital LLC now owns 3,688 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 52 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of NXP Semiconductors by 15.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 403 shares of the semiconductor provider’s stock valued at $82,000 after purchasing an additional 54 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of NXP Semiconductors by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 12,120 shares of the semiconductor provider’s stock valued at $2,243,000 after purchasing an additional 60 shares during the period. Finally, Patten Group Inc. increased its position in shares of NXP Semiconductors by 1.9% during the 2nd quarter. Patten Group Inc. now owns 3,251 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 61 shares during the last quarter. 90.21% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 1.2 %

NXPI opened at $203.34 on Tuesday. The company has a market capitalization of $52.41 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56. The firm has a 50-day simple moving average of $192.13 and a two-hundred day simple moving average of $195.56. The company has a quick ratio of 1.38, a current ratio of 1.92 and a debt-to-equity ratio of 1.20. NXP Semiconductors has a 52 week low of $150.90 and a 52 week high of $225.57.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 13th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, December 12th. NXP Semiconductors’s payout ratio is presently 37.63%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 11,394 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $199.80, for a total value of $2,276,521.20. Following the completion of the transaction, the executive vice president now directly owns 27,569 shares of the company’s stock, valued at $5,508,286.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of NXP Semiconductors from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. KeyCorp boosted their price objective on shares of NXP Semiconductors from $225.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. Susquehanna decreased their target price on NXP Semiconductors from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Morgan Stanley lowered their target price on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Finally, UBS Group upped their price target on NXP Semiconductors from $195.00 to $228.00 in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.88.

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.