NXP Semiconductors N.V. $NXPI Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.7% in the fourth quarter, HoldingsChannel reports. 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.

Other large investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $26,000. Wexford Capital LP acquired a new position in NXP Semiconductors in the third quarter valued at approximately $31,000. Kelleher Financial Advisors acquired a new position in NXP Semiconductors in the third quarter valued at approximately $31,000. Community Bank N.A. purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $37,000. Finally, Cornerstone Planning Group LLC increased its position in shares of NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock valued at $38,000 after buying an additional 153 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.5%

Shares of NXPI opened at $321.88 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock has a market capitalization of $81.27 billion, a price-to-earnings ratio of 30.80, a PEG 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 issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.14 billion. During the same period in the previous year, the business earned $2.64 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insider Buying and Selling

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 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,611 shares of company stock worth $3,061,078. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. Truist Financial boosted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen boosted their price objective on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $235.00 to $265.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Mizuho boosted their price objective on NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Company 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.