NXP Semiconductors N.V. $NXPI Position Reduced by Burney Co.

Burney Co. trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 28.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,263 shares of the semiconductor provider’s stock after selling 2,079 shares during the period. Burney Co.’s holdings in NXP Semiconductors were worth $1,036,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the period. Wellington Management Group LLP raised its position in 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 acquiring an additional 1,333,920 shares in the last quarter. Invesco Ltd. raised its position in NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. Finally, Amundi lifted its holdings in NXP Semiconductors by 46.6% in the 4th quarter. Amundi now owns 2,203,488 shares of the semiconductor provider’s stock valued at $478,270,000 after acquiring an additional 700,753 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This represents a 72.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was 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 of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Up 3.9%

NXPI stock opened at $283.81 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm has a market capitalization of $71.65 billion, a P/E ratio of 27.16, a P/E/G ratio of 0.99 and a beta of 1.79. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company’s 50 day simple moving average is $298.92 and its 200-day simple moving average is $247.96.

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 analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $2.64 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. NXP Semiconductors’s payout ratio is currently 38.85%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. KeyCorp increased their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $301.13.

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.