Bank of New York Mellon Corp Sells 142,691 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Oregon Public Employees Retirement Fund increased its stake in shares of NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after acquiring an additional 58 shares during the last quarter. Keel Point LLC raised its position in shares of NXP Semiconductors by 4.7% during the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after acquiring an additional 64 shares in the last quarter. MV Capital Management Inc. lifted its position in shares of NXP Semiconductors by 10.4% in the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after buying an additional 66 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of NXP Semiconductors by 1.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider's stock worth $779,000 after purchasing an additional 68 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of NXP Semiconductors by 2.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider's stock worth $720,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $6.34 during trading hours on Tuesday, hitting $232.34. 2,287,933 shares of the company's stock were exchanged, compared to its average volume of 2,762,455. The company's 50-day moving average price is $206.25 and its 200-day moving average price is $204.99. The stock has a market capitalization of $58.70 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.12%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Evercore ISI restated an "outperform" rating and issued a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. TD Cowen upped their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Barclays cut their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $250.63.

NXP Semiconductors Company Profile

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.