The Manufacturers Life Insurance Company Sells 8,242 Shares of NXP Semiconductors N.V. $NXPI

The Manufacturers Life Insurance Company lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,437 shares of the semiconductor provider’s stock after selling 8,242 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of NXP Semiconductors worth $36,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. California State Teachers Retirement System grew its holdings in shares of NXP Semiconductors by 29,659.8% during the 2nd quarter. California State Teachers Retirement System now owns 106,611,541 shares of the semiconductor provider’s stock worth $29,961,041,000 after purchasing an additional 106,253,301 shares in the last quarter. BlackRock Inc. acquired a new position in NXP Semiconductors in the second quarter valued at about $6,716,412,000. State Street Corp increased its holdings in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after buying an additional 55,098 shares during the period. Wellington Management Group LLP bought a new position in NXP Semiconductors in the 2nd quarter valued at about $21,099,000. Finally, Invesco Ltd. raised its position in shares of NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $236.62 on Friday. The company has a fifty day moving average price of $245.26 and a 200-day moving average price of $251.43. The firm has a market cap of $59.67 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.80 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $2.72 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Susquehanna boosted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, TD Cowen dropped their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.