Bank of New York Mellon Corp Has $253.08 Million Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Bank of New York Mellon Corp cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,331,592 shares of the semiconductor provider's stock after selling 142,691 shares during the period. Bank of New York Mellon Corp owned 0.53% of NXP Semiconductors worth $253,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NXPI. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Valley National Advisers Inc. raised its stake in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $44,000. Rossby Financial LCC bought a new position in shares of NXP Semiconductors in the first quarter worth about $46,000. Finally, GoalVest Advisory LLC raised its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $6.10 on Monday, hitting $226.00. 2,165,635 shares of the stock were exchanged, compared to its average volume of 2,757,332. 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 business's fifty day moving average is $205.65 and its 200 day moving average is $204.88. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a market capitalization of $57.09 billion, a PE ratio of 24.62, a P/E/G ratio of 2.89 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 earnings per share. Research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is presently 44.23%.

Insider Buying and Selling at NXP Semiconductors

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXPI shares. Evercore ISI reissued an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Finally, Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $249.28.

About NXP Semiconductors

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.