Bank of New York Mellon Corp Has $284.94 Million Position in NXP Semiconductors N.V. $NXPI

Bank of New York Mellon Corp trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,251,226 shares of the semiconductor provider’s stock after selling 51,856 shares during the period. Bank of New York Mellon Corp’s holdings in NXP Semiconductors were worth $284,942,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC grew its stake in NXP Semiconductors by 2.2% in the third quarter. Valeo Financial Advisors LLC now owns 3,420 shares of the semiconductor provider’s stock valued at $779,000 after purchasing an additional 74 shares in the last quarter. Truist Financial Corp lifted its holdings in NXP Semiconductors by 10.5% in the 3rd quarter. Truist Financial Corp now owns 121,039 shares of the semiconductor provider’s stock worth $27,564,000 after purchasing an additional 11,487 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in shares of NXP Semiconductors by 1.8% in the third quarter. J. Safra Sarasin Holding AG now owns 70,883 shares of the semiconductor provider’s stock worth $16,142,000 after buying an additional 1,269 shares during the last quarter. One Wealth Advisors LLC lifted its position in NXP Semiconductors by 7.9% during the 3rd quarter. One Wealth Advisors LLC now owns 1,251 shares of the semiconductor provider’s stock worth $285,000 after acquiring an additional 92 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth about $460,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the transaction, the executive vice president owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This represents a 51.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the transaction, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,097 shares of company stock valued at $5,003,058. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NXPI shares. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen increased their price objective on NXP Semiconductors from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.29.

NXP Semiconductors Stock Down 2.7%

Shares of NASDAQ NXPI opened at $233.50 on Friday. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The stock has a market cap of $58.76 billion, a P/E ratio of 28.90, a P/E/G ratio of 3.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The firm has a 50 day moving average price of $224.89 and a 200 day moving average price of $221.23.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business posted $3.45 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is 50.25%.

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.