Mn Services Vermogensbeheer B.V. Sells 7,200 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mn Services Vermogensbeheer B.V. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,100 shares of the semiconductor provider's stock after selling 7,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in NXP Semiconductors were worth $17,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after acquiring an additional 2,609 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of NXP Semiconductors by 25.5% during the 4th quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock worth $81,000 after acquiring an additional 79 shares in the last quarter. Aveo Capital Partners LLC boosted its stake in shares of NXP Semiconductors by 109.4% during the 4th quarter. Aveo Capital Partners LLC now owns 3,233 shares of the semiconductor provider's stock worth $672,000 after acquiring an additional 1,689 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of NXP Semiconductors by 0.3% during the 4th quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider's stock worth $108,825,000 after acquiring an additional 1,581 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXPI. TD Cowen raised their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. 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. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday. 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, UBS Group cut their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four investment 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. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Price Performance

NXPI stock traded up $6.63 during midday trading on Monday, reaching $217.53. 1,738,769 shares of the company's stock traded hands, compared to its average volume of 2,725,219. The company has a 50-day simple moving average of $192.58 and a two-hundred day simple moving average of $205.03. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a market cap of $54.95 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.01 and a beta of 1.39. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm posted $3.24 EPS. The business's revenue was down 9.3% on a year-over-year basis. On average, analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. NXP Semiconductors's payout ratio is 44.12%.

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.