NXP Semiconductors N.V. $NXPI Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,728,322 shares of the semiconductor provider’s stock after selling 509,047 shares during the period. Massachusetts Financial Services Co. MA owned about 3.07% of NXP Semiconductors worth $1,759,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of NXPI. Sequoia Financial Advisors LLC increased its holdings in shares of NXP Semiconductors by 4.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 124,096 shares of the semiconductor provider’s stock valued at $28,260,000 after purchasing an additional 5,662 shares in the last quarter. Evergreen Capital Management LLC grew its position in NXP Semiconductors by 59.7% during the third quarter. Evergreen Capital Management LLC now owns 3,493 shares of the semiconductor provider’s stock valued at $797,000 after buying an additional 1,306 shares during the period. Confluence Wealth Services Inc. increased its holdings in NXP Semiconductors by 2.2% in the third quarter. Confluence Wealth Services Inc. now owns 4,351 shares of the semiconductor provider’s stock valued at $991,000 after buying an additional 92 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of NXP Semiconductors by 6.0% in the third quarter. Ritholtz Wealth Management now owns 3,686 shares of the semiconductor provider’s stock worth $839,000 after acquiring an additional 210 shares during the period. Finally, Wright Investors Service Inc. boosted its stake in shares of NXP Semiconductors by 2.8% during the 3rd quarter. Wright Investors Service Inc. now owns 3,158 shares of the semiconductor provider’s stock worth $719,000 after acquiring an additional 85 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares in the company, valued at $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 23,097 shares of company stock worth $5,003,058. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of analyst reports. Truist Financial upped their price target on NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, December 19th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Arete increased their target price on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. Evercore ISI boosted their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $266.15.

NXP Semiconductors Trading Down 0.6%

NXPI opened at $237.11 on Friday. The firm has a market capitalization of $59.67 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. The company’s 50 day simple moving average is $218.07 and its two-hundred day simple moving average is $220.98. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.45 earnings per share. Analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were issued a $1.014 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 50.25%.

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.