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

Midwest Professional Planners LTD. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 36.6% during the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. raised its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after buying an additional 50 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares in the last quarter. Washington Capital Management Inc. raised its position in shares of NXP Semiconductors by 1.8% in the fourth quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock worth $659,000 after buying an additional 55 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of NXP Semiconductors by 1.9% in the third quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock worth $685,000 after buying an additional 56 shares in the last quarter. Finally, Equitable Trust Co. raised its position in shares of NXP Semiconductors by 0.7% in the fourth quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock worth $1,673,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. 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 report 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 report on Wednesday, April 29th. Evercore increased their price objective on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

NXP Semiconductors Trading Up 0.9%

NASDAQ NXPI 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. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $306.62. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a market capitalization 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 (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating 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 business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the business posted $2.64 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors 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 transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,865 shares of company stock worth $2,508,416 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Company 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.