Madison Asset Management LLC Sells 2,607 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Madison Asset Management LLC decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 27.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,038 shares of the semiconductor provider's stock after selling 2,607 shares during the period. Madison Asset Management LLC's holdings in NXP Semiconductors were worth $1,338,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC grew its holdings in NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares in the last quarter. Sowell Financial Services LLC bought a new stake in NXP Semiconductors in the 1st quarter valued at about $320,000. Farther Finance Advisors LLC raised its position in shares of NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after buying an additional 1,231 shares in the last quarter. M&T Bank Corp raised its position in shares of NXP Semiconductors by 14.5% during the 1st quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after buying an additional 943 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of NXP Semiconductors by 18.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after purchasing an additional 1,951 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's 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 completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 0.5%

NXPI traded down $1.14 during trading on Friday, reaching $223.29. The company had a trading volume of 2,160,678 shares, compared to its average volume of 2,632,921. The business's fifty day moving average price is $215.14 and its 200 day moving average price is $206.52. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.47. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $264.54. The company has a market cap of $56.41 billion, a P/E ratio of 26.61, a PEG ratio of 2.55 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.72%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.20 earnings per share. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Barclays increased their price target on shares of NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

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.