Mutual of America Capital Management LLC Lowers Stock Holdings in NXP Semiconductors N.V. $NXPI

Mutual of America Capital Management LLC trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 31,733 shares of the semiconductor provider’s stock after selling 1,336 shares during the period. Mutual of America Capital Management LLC’s holdings in NXP Semiconductors were worth $6,933,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vantage Investment Partners LLC lifted its holdings in shares of NXP Semiconductors by 5.2% during the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock valued at $7,471,000 after purchasing an additional 1,675 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of NXP Semiconductors by 15.8% during the first quarter. Integrated Wealth Concepts LLC now owns 9,336 shares of the semiconductor provider’s stock valued at $1,774,000 after acquiring an additional 1,274 shares in the last quarter. Generate Investment Management Ltd bought a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $8,737,000. Avior Wealth Management LLC increased its position in shares of NXP Semiconductors by 956.1% during the second quarter. Avior Wealth Management LLC now owns 1,563 shares of the semiconductor provider’s stock valued at $342,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of NXP Semiconductors by 5.6% during the second quarter. Nordea Investment Management AB now owns 643,153 shares of the semiconductor provider’s stock valued at $140,175,000 after acquiring an additional 34,211 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares of the company’s stock, valued at $345,556.80. The trade was a 81.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,785 shares of company stock valued at $2,197,852 in the last 90 days. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Up 2.6%

NASDAQ:NXPI opened at $219.82 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.62. The company has a market cap of $55.42 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44. The company has a 50 day simple moving average of $225.78 and a two-hundred day simple moving average of $211.58.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is presently 48.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Susquehanna raised their price target on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They set a “buy” rating and a $276.00 price target for the company. Finally, Stifel Nicolaus raised their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.06.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.