NXP Semiconductors N.V. (NASDAQ:NXPI) Stake Lowered by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. trimmed its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,161 shares of the semiconductor provider's stock after selling 1,335 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in NXP Semiconductors were worth $6,113,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its position in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after purchasing an additional 58 shares during the period. Keel Point LLC increased its position in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares during the last quarter. MV Capital Management Inc. increased its position in NXP Semiconductors by 10.4% during the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after purchasing an additional 66 shares during the last quarter. HBK Sorce Advisory LLC increased its position in NXP Semiconductors by 1.8% during the fourth 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 last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of NXP Semiconductors by 2.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider's stock worth $720,000 after buying an additional 70 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 0.7%

Shares of NASDAQ:NXPI traded up $1.59 during midday trading on Friday, reaching $232.74. The company had a trading volume of 1,299,390 shares, compared to its average volume of 2,759,710. 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 stock's fifty day moving average price is $205.65 and its 200-day moving average price is $204.89. The stock has a market capitalization of $58.80 billion, a P/E ratio of 25.35, a PEG ratio of 2.89 and a beta of 1.40. 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 released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.24 EPS. Equities research 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 issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NXPI shares. Evercore ISI restated an "outperform" rating and set a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Barclays cut their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $246.22.

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.