TD Asset Management Inc Has $56.14 Million Position in NXP Semiconductors N.V. $NXPI

TD Asset Management Inc lowered its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 258,652 shares of the semiconductor provider’s stock after selling 6,187 shares during the quarter. TD Asset Management Inc’s holdings in NXP Semiconductors were worth $56,143,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after purchasing an additional 293,558 shares in the last quarter. Wellington Management Group LLP boosted its stake in NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. State Street Corp boosted its stake in NXP Semiconductors by 0.5% in the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after purchasing an additional 53,261 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after purchasing an additional 121,419 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after purchasing an additional 30,804 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,611 shares of company stock worth $3,061,078 over the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays boosted their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore upped their price target on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their price target on NXP Semiconductors from $235.00 to $265.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upped their price target on NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Finally, Oppenheimer upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Stock Down 8.1%

Shares of NASDAQ NXPI opened at $295.96 on Friday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a market cap of $74.72 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.16 and a beta of 1.77. The firm has a 50 day moving average price of $260.21 and a 200 day moving average price of $234.41.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping 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 firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.64 EPS. Analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 38.76%.

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.