Act Two Investors LLC Lowers Stake in NXP Semiconductors N.V. $NXPI

Act Two Investors LLC lessened its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 73.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,704 shares of the semiconductor provider’s stock after selling 12,861 shares during the quarter. NXP Semiconductors comprises approximately 0.2% of Act Two Investors LLC’s holdings, making the stock its 29th largest position. Act Two Investors LLC’s holdings in NXP Semiconductors were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NXPI. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after buying an additional 293,558 shares during the period. Wellington Management Group LLP boosted its position in shares of NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares during the period. State Street Corp boosted its position in shares of NXP Semiconductors by 0.5% in the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after buying an additional 53,261 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after buying an additional 121,419 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after buying an additional 30,804 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% 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. Insiders have sold 10,865 shares of company stock worth $2,508,416 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Sanford C. Bernstein upped their target price on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Citigroup upped their target price on NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Trading Down 2.7%

Shares of NXPI opened at $321.35 on Friday. The company has a market capitalization of $81.13 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.16 and a beta of 1.77. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a 50-day moving average price of $248.13 and a 200 day moving average price of $230.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.64 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

About NXP Semiconductors

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.