Lazard Asset Management LLC reduced its position in NXP Semiconductors NV (NASDAQ:NXPI) by 8.0% during the first quarter, Holdings Channel reports. The firm owned 540,785 shares of the semiconductor provider’s stock after selling 47,175 shares during the period. Lazard Asset Management LLC’s holdings in NXP Semiconductors were worth $47,799,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of NXP Semiconductors by 153.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,474 shares of the semiconductor provider’s stock worth $2,160,000 after buying an additional 17,836 shares during the period. M&T Bank Corp raised its position in shares of NXP Semiconductors by 41.0% in the 4th quarter. M&T Bank Corp now owns 29,303 shares of the semiconductor provider’s stock worth $2,146,000 after buying an additional 8,518 shares during the period. Financial Gravity Companies Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth $51,000. ClariVest Asset Management LLC raised its position in shares of NXP Semiconductors by 325.2% in the 4th quarter. ClariVest Asset Management LLC now owns 7,582 shares of the semiconductor provider’s stock worth $556,000 after buying an additional 5,799 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter worth $5,890,000. 76.51% of the stock is currently owned by institutional investors.

NASDAQ:NXPI traded down $0.16 during mid-day trading on Wednesday, hitting $95.30. The company had a trading volume of 109,417 shares, compared to its average volume of 3,963,231. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $117.61. The firm has a market capitalization of $31.95 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.25 by $0.47. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. Equities analysts anticipate that NXP Semiconductors NV will post 6.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 16.84%.

Several brokerages recently weighed in on NXPI. BidaskClub raised NXP Semiconductors from a “strong sell” rating to a “sell” rating in a research report on Monday. Piper Jaffray Companies increased their target price on NXP Semiconductors from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. TheStreet raised NXP Semiconductors from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 target price on the stock in a research report on Wednesday, April 10th. Finally, ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors has an average rating of “Buy” and an average price target of $101.32.

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NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

Further Reading: What is total return in investing?

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

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