Robeco Institutional Asset Management B.V. Sells 10,972 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Robeco Institutional Asset Management B.V. decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 30.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,160 shares of the semiconductor provider's stock after selling 10,972 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in NXP Semiconductors were worth $4,782,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new position in NXP Semiconductors during the 4th quarter valued at about $44,000. GoalVest Advisory LLC boosted its stake in NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after buying an additional 227 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in 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 buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of analyst reports. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. UBS Group raised their price target on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays cut their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Stock Up 4.5%

NASDAQ NXPI traded up $9.94 during trading hours on Wednesday, reaching $231.15. 2,714,998 shares of the company traded hands, compared to its average volume of 2,752,762. The company has a 50 day moving average of $203.08 and a two-hundred day moving average of $204.55. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The stock has a market capitalization of $58.40 billion, a PE ratio of 25.18, a PEG ratio of 2.76 and a beta of 1.40. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

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

NXP Semiconductors Dividend Announcement

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 given 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 payout ratio is currently 44.23%.

About NXP Semiconductors

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.