NXP Semiconductors N.V. $NXPI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,148 shares of the semiconductor provider’s stock after selling 4,995 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NXP Semiconductors were worth $14,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its position in NXP Semiconductors by 52.6% during the fourth quarter. GSA Capital Partners LLP now owns 5,752 shares of the semiconductor provider’s stock worth $1,249,000 after buying an additional 1,982 shares during the period. Handelsbanken Fonder AB increased its position in NXP Semiconductors by 24.3% during the fourth quarter. Handelsbanken Fonder AB now owns 235,421 shares of the semiconductor provider’s stock worth $51,100,000 after buying an additional 45,997 shares during the period. Hartford Funds Management Co LLC increased its position in NXP Semiconductors by 16.8% during the fourth quarter. Hartford Funds Management Co LLC now owns 7,373 shares of the semiconductor provider’s stock worth $1,601,000 after buying an additional 1,063 shares during the period. Profund Advisors LLC increased its position in NXP Semiconductors by 5.2% during the fourth quarter. Profund Advisors LLC now owns 36,962 shares of the semiconductor provider’s stock worth $8,023,000 after buying an additional 1,827 shares during the period. Finally, ProShare Advisors LLC increased its position in NXP Semiconductors by 37.0% during the fourth quarter. ProShare Advisors LLC now owns 479,698 shares of the semiconductor provider’s stock worth $104,123,000 after buying an additional 129,603 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NXPI shares. BNP Paribas Exane lifted their price target on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley upped their price target on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price target on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, TD Cowen upped their price target on NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Trading Up 5.7%

NASDAQ:NXPI opened at $316.47 on Friday. The stock has a fifty day moving average price of $234.74 and a two-hundred day moving average price of $226.31. The stock has a market capitalization of $79.90 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.14 and a beta of 1.77. 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 N.V. has a 1 year low of $183.00 and a 1 year high of $316.81.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.64 earnings per share. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,865 shares of company stock worth $2,508,416. 0.12% of the stock is owned by corporate insiders.

About NXP Semiconductors

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.