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

Morningstar Investment Management LLC decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.6% during the first quarter, Holdings Channel reports. The institutional investor 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.

Several other hedge funds also recently bought and sold shares of NXPI. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $28,000. Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $29,000. Finally, Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $31,000. 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 stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their position. 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 Micallef sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. 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. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Mizuho raised their target price on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald increased their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $307.73.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $269.24 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 market cap of $67.98 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.12 and a beta of 1.79. The firm’s fifty day moving average is $295.88 and its 200 day moving average is $252.36. 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 (NASDAQ:NXPI) last posted 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. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $2.64 earnings per share. NXP Semiconductors’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.46 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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