Martin Investment Management LLC Sells 2,273 Shares of NXP Semiconductors N.V. $NXPI

Martin Investment Management LLC decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,063 shares of the semiconductor provider’s stock after selling 2,273 shares during the quarter. NXP Semiconductors comprises about 1.5% of Martin Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Martin Investment Management LLC’s holdings in NXP Semiconductors were worth $5,657,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after acquiring an additional 293,558 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after acquiring an additional 1,333,920 shares during the last quarter. State Street Corp lifted its position in NXP Semiconductors by 0.5% during the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock valued at $2,512,283,000 after purchasing an additional 53,261 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in NXP Semiconductors by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after purchasing an additional 121,419 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after purchasing an additional 30,804 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.1%

NXPI stock opened at $311.38 on Tuesday. The company has a market capitalization of $78.61 billion, a PE ratio of 29.80, a P/E/G ratio of 1.16 and a beta of 1.77. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The firm’s 50-day moving average is $250.51 and its 200 day moving average is $231.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.64 EPS. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Analyst Ratings Changes

Several research firms have commented on NXPI. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. BNP Paribas Exane increased their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

Get Our Latest Stock Report on NXP Semiconductors

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 10,865 shares of company stock valued at $2,508,416. Company insiders own 0.05% of the company’s stock.

About NXP Semiconductors

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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