NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Harrell Investment Partners LLC

Harrell Investment Partners LLC lowered its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,035 shares of the semiconductor provider's stock after selling 1,212 shares during the period. Harrell Investment Partners LLC's holdings in NXP Semiconductors were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the 4th quarter worth $32,000. Ameriflex Group Inc. bought a new stake in shares of NXP Semiconductors in the 4th quarter worth about $44,000. GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of NXP Semiconductors by 377.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Down 0.6%

NASDAQ NXPI opened at $211.45 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The company's 50 day simple moving average is $194.91 and its 200 day simple moving average is $205.05. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a market capitalization of $53.42 billion, a P/E ratio of 23.03, a PEG ratio of 2.65 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm earned $3.24 EPS. The business's revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NXPI shares. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Evercore ISI reissued an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Needham & Company LLC reduced their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.78.

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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.