NXP Semiconductors N.V. $NXPI Stock Position Cut by Morningstar Investment Management LLC

Morningstar Investment Management LLC trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 55.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,216 shares of the semiconductor provider’s stock after selling 18,689 shares during the period. Morningstar Investment Management LLC’s holdings in NXP Semiconductors were worth $3,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $26,000. Wexford Capital LP acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $31,000. Kelleher Financial Advisors acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $31,000. Community Bank N.A. acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $37,000. Finally, Cornerstone Planning Group LLC lifted its holdings in NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 153 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $316.47 on Monday. The firm’s 50 day simple moving average is $234.74 and its 200-day simple moving average is $226.43. The company has a market cap of $79.90 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $316.81.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share 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 net margin of 21.03% and a return on equity of 26.75%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $2.64 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NXPI. Evercore upped their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. KeyCorp upped their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Oppenheimer upped their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citigroup upped their price target on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wolfe Research upped their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% 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 have sold a total of 10,865 shares of company stock valued at $2,508,416 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

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.