NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Position Reduced by HM Payson & Co.

HM Payson & Co. cut its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 9.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,393 shares of the semiconductor provider's stock after selling 12,318 shares during the period. HM Payson & Co.'s holdings in NXP Semiconductors were worth $21,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 126 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $44,000. Rossby Financial LCC acquired a new stake in NXP Semiconductors in the first quarter valued at approximately $46,000. Finally, GoalVest Advisory LLC lifted its stake in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was 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 available through this link. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $232.74 on Friday. 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 company has a market capitalization of $58.80 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40. The company's 50 day moving average price is $205.65 and its two-hundred day moving average price is $204.93. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the company posted $3.24 EPS. On average, 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 announced 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. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group lifted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays reduced their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Needham & Company LLC reduced their price objective 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. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

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.

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