Morningstar Investment Management LLC Sells 2,067 Shares of NXP Semiconductors N.V. $NXPI

Morningstar Investment Management LLC trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,149 shares of the semiconductor provider’s stock after selling 2,067 shares during the period. Morningstar Investment Management LLC’s holdings in NXP Semiconductors were worth $2,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NXPI. MCF Advisors LLC grew its position in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the period. Aptus Capital Advisors LLC lifted its position in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after acquiring an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the period. IHT Wealth Management LLC boosted its stake in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after acquiring an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $269.24 on Friday. The firm has a market cap of $67.98 billion, a P/E ratio of 25.76, a PEG ratio of 1.12 and a beta of 1.79. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $295.88 and a 200 day moving average of $252.36.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $2.64 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 13.46 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NXPI shares. Wells Fargo & Company decreased their target price on shares of NXP Semiconductors from $305.00 to $290.00 and set an “equal weight” rating for the company in a research note on Monday, July 20th. BNP Paribas Exane boosted their price target on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Raymond James Financial upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $307.73.

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.