Northwestern Mutual Wealth Management Co. Sells 2,652 Shares of NXP Semiconductors N.V. $NXPI

Northwestern Mutual Wealth Management Co. decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 12.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,717 shares of the semiconductor provider’s stock after selling 2,652 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in NXP Semiconductors were worth $4,063,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in NXP Semiconductors in the third quarter valued at about $26,000. Wexford Capital LP bought a new position in NXP Semiconductors in the third quarter valued at about $31,000. Kelleher Financial Advisors bought a new position in NXP Semiconductors in the third quarter valued at about $31,000. Community Bank N.A. bought a new position in NXP Semiconductors in the third quarter valued at about $37,000. Finally, Cornerstone Planning Group LLC boosted its holdings in NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Jefferies Financial Group raised their price target on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. KeyCorp raised their price target on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Cantor Fitzgerald raised 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, Bank of America restated a “neutral” rating and set a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Price Performance

Shares of NXPI opened at $322.22 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a market cap of $81.35 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The stock’s 50-day moving average price is $258.24 and its two-hundred day moving average price is $233.98.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the business earned $2.64 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In other news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated 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 directly owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their position. 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. Over the last quarter, insiders have sold 12,611 shares of company stock worth $3,061,078. Insiders own 0.05% of the company’s stock.

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.