Brown Advisory Inc. Trims Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Brown Advisory Inc. lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,283 shares of the semiconductor provider's stock after selling 58,539 shares during the period. Brown Advisory Inc. owned about 0.29% of NXP Semiconductors worth $142,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NXPI. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $44,000. Rossby Financial LCC acquired a new stake in shares of NXP Semiconductors during the 1st quarter worth about $46,000. Finally, GoalVest Advisory LLC raised its position in shares of NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded up $6.34 on Tuesday, reaching $232.34. 2,287,933 shares of the company's stock were exchanged, compared to its average volume of 2,755,460. The stock has a fifty day moving average of $206.25 and a 200-day moving average of $204.99. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $296.08. The firm has a market cap of $58.70 billion, a PE ratio of 25.31, a P/E/G ratio of 2.89 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.24 earnings per share. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction 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 sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company raised their target price on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Stifel Nicolaus cut their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. KeyCorp boosted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Evercore ISI reiterated an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $250.63.

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.