Integrated Advisors Network LLC Has $1.06 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Integrated Advisors Network LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 68.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,573 shares of the semiconductor provider's stock after selling 12,257 shares during the period. Integrated Advisors Network LLC's holdings in NXP Semiconductors were worth $1,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after buying an additional 86,716 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 worth $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in NXP Semiconductors by 1.8% during 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 acquiring an additional 144,391 shares during the period. Geode Capital Management LLC grew its stake in NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NXPI. Barclays reduced their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Evercore ISI raised their target price on NXP Semiconductors from $237.00 to $289.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Stock Performance

Shares of NXPI traded down $6.50 during midday trading on Friday, reaching $210.90. The stock had a trading volume of 1,839,860 shares, compared to its average volume of 2,724,985. The firm has a market cap of $53.28 billion, a PE ratio of 21.68, a P/E/G ratio of 3.01 and a beta of 1.39. The firm has a 50 day simple moving average of $191.44 and a 200-day simple moving average of $205.45. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

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. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.24 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

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 given a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors's dividend payout ratio is 44.12%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.12% of the company's stock.

About NXP Semiconductors

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.