Pacer Advisors Inc. Has $8.51 Million Holdings in NXP Semiconductors N.V. $NXPI

Pacer Advisors Inc. cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,184 shares of the semiconductor provider’s stock after selling 4,110 shares during the period. Pacer Advisors Inc.’s holdings in NXP Semiconductors were worth $8,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after purchasing an additional 293,558 shares during the last quarter. Wellington Management Group LLP raised its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares during the last quarter. State Street Corp raised its position in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after purchasing an additional 55,098 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in NXP Semiconductors by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after buying an additional 121,419 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NXPI shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Citigroup boosted their price objective on NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.92.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $313.27 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $79.09 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.13 and a beta of 1.77. The business’s 50-day moving average price is $281.83 and its two-hundred day moving average price is $242.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.64 EPS. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s payout ratio is currently 38.85%.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by company insiders.

About NXP Semiconductors

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.