Natixis Advisors LLC Lowers Stock Position in NXP Semiconductors N.V. $NXPI

Natixis Advisors LLC cut its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,711 shares of the semiconductor provider’s stock after selling 25,674 shares during the period. Natixis Advisors LLC’s holdings in NXP Semiconductors were worth $80,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NXPI. Norges Bank purchased a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $613,029,000. Wellington Management Group LLP grew its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after acquiring an additional 1,333,920 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of NXP Semiconductors by 56.3% during the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after acquiring an additional 690,277 shares during the last quarter. Woodline Partners LP grew its position in NXP Semiconductors by 6,342.2% in the 3rd quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock valued at $153,354,000 after buying an additional 662,950 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NXP Semiconductors by 21.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after buying an additional 398,250 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the sale, the executive vice president owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $323.62 on Wednesday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm’s fifty day moving average price is $250.51 and its 200 day moving average price is $231.41. The firm has a market cap of $81.70 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the company earned $2.64 earnings per share. NXP Semiconductors’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NXPI shares. Cantor Fitzgerald lifted their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Susquehanna lifted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Finally, TD Cowen lifted their price objective on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Company Profile

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.