NXP Semiconductors N.V. $NXPI Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its holdings in NXP Semiconductors by 4.0%, owning 31,733 shares valued at approximately $6.93 million after selling 1,336 shares during the second quarter.
• Two executives, Andrew Micallef and Rafael Sotomayor, sold a combined total of 3,000 shares, representing significant decreases in their ownership stakes.
• NXP Semiconductors' stock recently received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $257.06.

Mutual of America Capital Management LLC trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,733 shares of the semiconductor provider's stock after selling 1,336 shares during the period. Mutual of America Capital Management LLC's holdings in NXP Semiconductors were worth $6,933,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Arista Wealth Management LLC bought a new position in NXP Semiconductors during the second quarter valued at about $614,000. Kraft Davis & Associates LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $269,000. Nordea Investment Management AB boosted its position in shares of NXP Semiconductors by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 643,153 shares of the semiconductor provider's stock valued at $140,175,000 after purchasing an additional 34,211 shares during the period. Bridges Investment Management Inc. boosted its position in shares of NXP Semiconductors by 49.7% in the 2nd quarter. Bridges Investment Management Inc. now owns 1,970 shares of the semiconductor provider's stock valued at $430,000 after purchasing an additional 654 shares during the period. Finally, Generali Asset Management SPA SGR boosted its position in shares of NXP Semiconductors by 8.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 11,970 shares of the semiconductor provider's stock valued at $2,615,000 after purchasing an additional 908 shares during the period. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the sale, the executive vice president directly owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Rafael Sotomayor sold 2,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the sale, the president owned 4,958 shares of the company's stock, valued at $1,088,628.06. This trade represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,785 shares of company stock worth $2,197,852 over the last three months. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Weiss Ratings restated a "hold (c)" rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. UBS Group raised their price objective on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus lifted their price target on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $257.06.

NXP Semiconductors Stock Up 2.6%

NASDAQ NXPI opened at $219.82 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The stock has a market capitalization of $55.42 billion, a PE ratio of 26.20, a PEG ratio of 2.43 and a beta of 1.44. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. The business's 50-day moving average is $225.78 and its 200 day moving average is $211.58.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $3.20 earnings per share. NXP Semiconductors's quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were issued a $1.014 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

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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