NXP Semiconductors (NASDAQ:NXPI) Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 25.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,254 shares of the semiconductor provider’s stock after selling 18,521 shares during the quarter. Intech Investment Management LLC’s holdings in NXP Semiconductors were worth $14,868,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $340,000. Middleton & Co. Inc. MA acquired a new stake in NXP Semiconductors during the second quarter worth about $215,000. Seven Eight Capital LP acquired a new position in NXP Semiconductors in the second quarter valued at approximately $1,541,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of NXP Semiconductors by 14.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,803 shares of the semiconductor provider’s stock valued at $3,389,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Tredje AP fonden grew its holdings in shares of NXP Semiconductors by 4.7% during the second quarter. Tredje AP fonden now owns 259,463 shares of the semiconductor provider’s stock valued at $69,819,000 after purchasing an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NXPI shares. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Citigroup boosted their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a report on Friday, May 24th. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen decreased their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $238.72 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average price is $248.98 and its 200 day moving average price is $254.45. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The firm has a market cap of $61.04 billion, a P/E ratio of 22.04, a PEG ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Activity

In related news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

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.