Martin Investment Management LLC Cuts Stock Position in NXP Semiconductors N.V. $NXPI

Martin Investment Management LLC lowered its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,063 shares of the semiconductor provider’s stock after selling 2,273 shares during the period. NXP Semiconductors makes up about 1.5% of Martin Investment Management LLC’s portfolio, making the stock its 22nd largest position. Martin Investment Management LLC’s holdings in NXP Semiconductors were worth $5,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $31,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $31,000. Community Bank N.A. purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC grew its position in shares of NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NXPI. Evercore lifted their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald lifted their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $235.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, KeyCorp lifted their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $311.38 on Tuesday. 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 has a market cap of $78.61 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The company has a 50 day moving average price of $250.51 and a 200-day moving average price of $231.41. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.64 EPS. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 38.85%.

Insider Buying and Selling

In related news, EVP Andrew Hardy sold 5,289 shares of the business’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 owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. 0.05% of the stock is owned by corporate insiders.

About NXP Semiconductors

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.