Northwestern Mutual Wealth Management Co. Has $4.06 Million Stake in NXP Semiconductors N.V. $NXPI

Northwestern Mutual Wealth Management Co. trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter valued at $26,000. Wexford Capital LP acquired a new position in shares of NXP Semiconductors in the third quarter valued at $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the third quarter valued at $31,000. Community Bank N.A. acquired a new position in shares of NXP Semiconductors in the third quarter valued at $37,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of 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 purchasing an additional 153 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $322.22 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The stock has a fifty day moving average price of $258.24 and a two-hundred day moving average price of $233.98. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The firm has a market capitalization of $81.35 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.16 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The company 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 for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.64 earnings per share. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent research reports. Raymond James Financial upped their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Stifel Nicolaus increased their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Mizuho increased their price objective on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein increased their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.25.

Insider Transactions at NXP Semiconductors

In other news, 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 transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares in the company, valued at $474,700. The trade was a 72.36% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

NXP Semiconductors Profile

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.