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

Intech Investment Management LLC lessened its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,773 shares of the semiconductor provider’s stock after selling 1,558 shares during the period. Intech Investment Management LLC’s holdings in NXP Semiconductors were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth about $26,000. Wexford Capital LP acquired a new stake in NXP Semiconductors in the third quarter worth about $31,000. Kelleher Financial Advisors acquired a new stake in NXP Semiconductors in the third quarter worth about $31,000. Community Bank N.A. acquired a new stake in NXP Semiconductors in the third quarter worth about $37,000. Finally, Cornerstone Planning Group LLC boosted its holdings in NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. 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. Insiders sold 12,611 shares of company stock valued at $3,061,078 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. Evercore raised their price target on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Oppenheimer raised their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen raised their price target on NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Loop Capital raised their price target on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein raised their price target on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

NXP Semiconductors Trading Down 0.5%

NXP Semiconductors stock opened at $321.88 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a market capitalization of $81.27 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The stock has a 50-day moving average price of $255.73 and a 200 day moving average price of $233.10.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping 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 firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company posted $2.64 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

NXP Semiconductors 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.