Envestnet Asset Management Inc. Sells 35,911 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Envestnet Asset Management Inc. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 10.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 306,526 shares of the semiconductor provider’s stock after selling 35,911 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of NXP Semiconductors worth $58,258,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $32,000. Valley National Advisers Inc. increased its holdings in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock valued at $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $44,000. Rossby Financial LCC purchased a new stake in NXP Semiconductors during the 1st quarter valued at about $46,000. Finally, GoalVest Advisory LLC increased its stake in NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock valued at $52,000 after purchasing an additional 227 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 1.8%

Shares of NXPI stock opened at $228.92 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The company has a market cap of $57.83 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08. The firm has a fifty day moving average price of $210.01 and a 200-day moving average price of $205.58.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. NXP Semiconductors’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.24 earnings per share. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio is currently 44.23%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Wells Fargo & Company lifted their target price on NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, June 16th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Finally, The Goldman Sachs Group started coverage on NXP Semiconductors in a research report on Thursday. They set a “buy” rating and a $276.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $251.63.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.