NXP Semiconductors (NASDAQ:NXPI) Stake Reduced by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,256 shares of the semiconductor provider’s stock after selling 842 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in NXP Semiconductors were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in NXP Semiconductors by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after purchasing an additional 118,562 shares in the last quarter. Norges Bank purchased a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the period. Ameriprise Financial Inc. lifted its position in shares of NXP Semiconductors by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock valued at $440,841,000 after acquiring an additional 92,571 shares in the last quarter. Finally, Morgan Stanley grew its position in NXP Semiconductors by 5.8% during the 3rd quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after purchasing an additional 119,183 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $269.45 on Wednesday. The company has a fifty day simple moving average of $265.84 and a 200 day simple moving average of $243.61. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The stock has a market cap of $68.89 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. On average, research analysts expect that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NXPI. Cantor Fitzgerald lifted their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. UBS Group increased their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. TD Cowen boosted their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $267.80.

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.