Vontobel Holding Ltd. Trims Stock Holdings in NXP Semiconductors N.V. $NXPI

Vontobel Holding Ltd. trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241,410 shares of the semiconductor provider’s stock after selling 53,463 shares during the quarter. Vontobel Holding Ltd.’s holdings in NXP Semiconductors were worth $52,400,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC increased its position in shares of NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of NXP Semiconductors by 0.6% during 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 purchasing an additional 50 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. Washington Capital Management Inc. increased its position in shares of NXP Semiconductors by 1.8% in the 4th quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after acquiring an additional 55 shares during the period. Finally, Equitable Trust Co. increased its position in shares of NXP Semiconductors by 0.7% in the 4th quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock valued at $1,673,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of several research reports. Mizuho upped their target price on NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald upped their target price on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company upped their target price on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Price Performance

Shares of NXPI opened at $304.86 on Friday. The business’s 50-day moving average is $270.67 and its two-hundred day moving average is $238.24. The company has a market capitalization of $76.97 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.09 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share 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 the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $2.64 EPS. Research analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated 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 directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. 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 dated 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 directly owned 2,020 shares in the company, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,611 shares of company stock valued at $3,061,078. Company 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.