Mercer Global Advisors Inc. ADV Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Mercer Global Advisors Inc. ADV cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,602 shares of the semiconductor provider’s stock after selling 1,371 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in NXP Semiconductors were worth $3,659,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares in the last quarter. Nordea Investment Management AB lifted its position in NXP Semiconductors by 11.3% during the 4th quarter. Nordea Investment Management AB now owns 293,497 shares of the semiconductor provider’s stock valued at $61,347,000 after acquiring an additional 29,890 shares during the period. Legacy Wealth Management LLC MS boosted its stake in NXP Semiconductors by 6.8% during the fourth quarter. Legacy Wealth Management LLC MS now owns 2,372 shares of the semiconductor provider’s stock worth $493,000 after acquiring an additional 151 shares in the last quarter. Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. Finally, Hilltop National Bank increased its stake in shares of NXP Semiconductors by 3.7% during the fourth quarter. Hilltop National Bank now owns 6,005 shares of the semiconductor provider’s stock valued at $1,248,000 after purchasing an additional 215 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 1.7 %

NXP Semiconductors stock opened at $184.95 on Tuesday. The business has a 50-day simple moving average of $191.07 and a two-hundred day simple moving average of $210.79. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $46.91 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.01 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.24 earnings per share. Analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 44.12%.

Analyst Ratings Changes

A number of analysts have recently commented on NXPI shares. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus reduced their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $250.37.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

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.