Massachusetts Financial Services Co. MA Sells 303,035 Shares of NXP Semiconductors (NASDAQ:NXPI)

Massachusetts Financial Services Co. MA cut its position in NXP Semiconductors (NASDAQ:NXPI) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,109,463 shares of the semiconductor provider’s stock after selling 303,035 shares during the period. Massachusetts Financial Services Co. MA owned about 3.17% of NXP Semiconductors worth $2,182,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors during the first quarter worth about $25,000. Family Firm Inc. bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $27,000. Addison Advisors LLC lifted its holdings in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in NXP Semiconductors during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.1 %

NXP Semiconductors stock opened at $229.93 on Monday. The stock has a 50-day simple moving average of $252.50 and a 200 day simple moving average of $255.04. The stock has a market capitalization of $58.57 billion, a P/E ratio of 21.23, a PEG ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $3.04 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Wells Fargo & Company lifted their price target on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Citigroup upped their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Needham & Company LLC lifted their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial reduced their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

Insider Buying and Selling

In related news, insider Julie Southern purchased 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Company 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.