Envestnet Portfolio Solutions Inc. Sells 13,377 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Envestnet Portfolio Solutions Inc. lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 70.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,528 shares of the semiconductor provider's stock after selling 13,377 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in NXP Semiconductors were worth $1,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NXPI. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth approximately $32,000. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $32,000. Ameriflex Group Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $44,000. GoalVest Advisory LLC lifted its stake in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of NXP Semiconductors by 377.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock valued at $85,000 after acquiring an additional 325 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXPI. Barclays lowered their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research note on Monday, April 21st. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. UBS Group reduced their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, 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. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Trading Up 3.6%

NASDAQ NXPI opened at $218.51 on Wednesday. The stock has a market capitalization of $55.20 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.63 and a beta of 1.39. The business has a 50 day simple moving average of $198.38 and a 200 day simple moving average of $204.58. 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 one year low of $148.09 and a one year high of $296.08.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 44.23%.

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.

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