Envestnet Asset Management Inc. Sells 35,911 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Envestnet Asset Management Inc. cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,526 shares of the semiconductor provider's stock after selling 35,911 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of NXP Semiconductors worth $58,258,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FMR LLC grew its position in NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after acquiring an additional 86,716 shares during the last quarter. Vanguard Group Inc. boosted its position in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after purchasing an additional 144,391 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after purchasing an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after buying an additional 269,656 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $4.27 during trading on Friday, reaching $228.92. 1,869,805 shares of the stock were exchanged, compared to its average volume of 2,767,402. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market cap of $57.83 billion, a PE ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. The stock has a 50-day moving average price of $210.01 and a 200-day moving average price of $205.58. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors's payout ratio is 44.23%.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. KeyCorp lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI reissued an "outperform" rating and issued a $289.00 price target (up previously 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 NXP Semiconductors in a research note on Monday, April 21st. Finally, Stifel Nicolaus dropped their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $251.63.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors 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.