Pacer Advisors Inc. Sells 27,728 Shares of NXP Semiconductors (NASDAQ:NXPI)

Pacer Advisors Inc. trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 48.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,921 shares of the semiconductor provider’s stock after selling 27,728 shares during the quarter. Pacer Advisors Inc.’s holdings in NXP Semiconductors were worth $6,872,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kentucky Retirement Systems bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $4,272,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of NXP Semiconductors by 3.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 593,264 shares of the semiconductor provider’s stock worth $118,605,000 after acquiring an additional 19,554 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $16,920,000. Act Two Investors LLC lifted its holdings in shares of NXP Semiconductors by 2.8% in the 3rd quarter. Act Two Investors LLC now owns 145,654 shares of the semiconductor provider’s stock worth $29,119,000 after acquiring an additional 3,929 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of NXP Semiconductors by 15.1% in the 3rd quarter. Nordea Investment Management AB now owns 533,061 shares of the semiconductor provider’s stock worth $107,161,000 after acquiring an additional 69,946 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 2,120 shares of NXP Semiconductors stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the completion of the sale, the executive vice president now directly owns 38,229 shares in the company, valued at $8,687,922.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $245.44 on Thursday. The firm’s 50 day moving average price is $234.24 and its 200-day moving average price is $213.77. The stock has a market capitalization of $62.95 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.60. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities research analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.65%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NXPI. Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Mizuho upped their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Oppenheimer upped their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $238.75.

About NXP Semiconductors

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.