Midwest Professional Planners LTD. Decreases Stock Position in NXP Semiconductors N.V. $NXPI

Midwest Professional Planners LTD. lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 36.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,484 shares of the semiconductor provider’s stock after selling 2,589 shares during the period. Midwest Professional Planners LTD.’s holdings in NXP Semiconductors were worth $973,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after buying an additional 293,558 shares during the period. Wellington Management Group LLP grew its stake in shares of NXP Semiconductors by 11.9% in 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 purchasing an additional 1,333,920 shares during the last quarter. State Street Corp grew its stake in shares of NXP Semiconductors by 0.5% in the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after purchasing an additional 53,261 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after purchasing an additional 121,419 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of NXP Semiconductors by 3.2% in the third quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock worth $1,083,013,000 after purchasing an additional 147,192 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $294.28 on Wednesday. The stock’s 50 day simple moving average is $228.39 and its two-hundred day simple moving average is $224.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The stock has a market cap of $74.30 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.05 and a beta of 1.77. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $306.62.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for 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%.The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.64 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 38.85%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction that occurred on 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 directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their position. 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 NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho raised their target price on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup raised their target price on NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company raised their target price on NXP Semiconductors from $235.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

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.