Massachusetts Financial Services Co. MA Acquires 87,820 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Massachusetts Financial Services Co. MA lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,134,050 shares of the semiconductor provider's stock after purchasing an additional 87,820 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.21% of NXP Semiconductors worth $1,545,958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter valued at $32,000. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the 4th quarter valued at $44,000. Valley National Advisers Inc. raised its position in NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after buying an additional 126 shares during the last quarter. Rossby Financial LCC purchased a new stake in NXP Semiconductors in the 1st quarter valued at $46,000. Finally, GoalVest Advisory LLC raised its position in 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 buying an additional 227 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NXPI. UBS Group raised their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Wells Fargo & Company raised their target price on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Finally, Citigroup raised their target price on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.63.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $3.55 during trading hours on Tuesday, hitting $221.06. The company had a trading volume of 2,396,989 shares, compared to its average volume of 2,775,859. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The firm has a 50 day simple moving average of $211.57 and a 200 day simple moving average of $205.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The firm has a market capitalization of $55.85 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.80 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results 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 return on equity of 29.62% and a net margin of 19.16%. The business 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 company earned $3.24 EPS. The firm's revenue was down 9.3% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.83%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. 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 corporate insiders.

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.