Pacer Advisors Inc. Has $8.51 Million Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Pacer Advisors Inc. cut its NXP Semiconductors stake by 9.5% in the fourth quarter, ending with 39,184 shares worth about $8.51 million.
• Insider selling picked up, with EVPs Andrew Hardy and Christopher L. Jensen selling shares in late April; insiders sold 12,611 shares worth about $3.18 million over the past 90 days.
• NXP reported a beat on earnings and revenue for the latest quarter, and analysts remain generally positive, with a consensus Moderate Buy rating and an average price target of $295.92.

Pacer Advisors Inc. trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,184 shares of the semiconductor provider's stock after selling 4,110 shares during the quarter. Pacer Advisors Inc.'s holdings in NXP Semiconductors were worth $8,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in NXP Semiconductors by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider's stock valued at $2,954,739,000 after purchasing an additional 293,558 shares during the last quarter. Wellington Management Group LLP grew its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider's stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares during the last quarter. State Street Corp grew its position in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock worth $2,407,382,000 after purchasing an additional 55,098 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of NXP Semiconductors by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider's stock worth $1,703,865,000 after purchasing an additional 121,419 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 12,611 shares of company stock valued at $3,182,068. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an "underperform" rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lifted their target price on NXP Semiconductors from $240.00 to $270.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Cantor Fitzgerald upped their price target on NXP Semiconductors from $380.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, May 13th. Finally, BNP Paribas Exane raised their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $295.92.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $313.27 on Monday. The company has a 50-day moving average of $281.83 and a 200-day moving average of $242.59. The company has a market capitalization of $79.09 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.13 and a beta of 1.77. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is currently 38.85%.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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