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

Sentry Investment Management LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 815 shares of the semiconductor provider’s stock after selling 243 shares during the period. Sentry Investment Management LLC’s holdings in NXP Semiconductors were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its position in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA grew its position in NXP Semiconductors by 5.8% during the fourth 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 in the last quarter. J. W. Coons Advisors LLC grew its position in NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock valued at $618,000 after purchasing an additional 60 shares in the last quarter. Kestra Investment Management LLC grew its position in NXP Semiconductors by 7.2% during the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock valued at $188,000 after purchasing an additional 61 shares in the last quarter. Finally, Keel Point LLC grew its position in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider’s stock valued at $294,000 after purchasing an additional 64 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $198.96 on Wednesday. The firm has a fifty day simple moving average of $186.80 and a 200-day simple moving average of $205.86. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The stock has a market capitalization of $50.26 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm 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 business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.24 EPS. On average, sell-side analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 44.12%.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NXPI. TD Cowen boosted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Citigroup lowered their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Susquehanna decreased their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $246.22.

About NXP Semiconductors

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.