Grantham Mayo Van Otterloo & Co. LLC Sells 11,458 Shares of NXP Semiconductors N.V. $NXPI

Grantham Mayo Van Otterloo & Co. LLC decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 71.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,479 shares of the semiconductor provider’s stock after selling 11,458 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in NXP Semiconductors were worth $979,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NXPI. Brighton Jones LLC boosted its holdings in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the last quarter. Federated Hermes Inc. lifted its position in NXP Semiconductors by 8.4% during the 1st quarter. Federated Hermes Inc. now owns 1,117 shares of the semiconductor provider’s stock worth $212,000 after buying an additional 87 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in NXP Semiconductors during the 1st quarter worth about $405,000. Commerce Bank boosted its stake in shares of NXP Semiconductors by 1.7% during the 1st quarter. Commerce Bank now owns 7,414 shares of the semiconductor provider’s stock worth $1,409,000 after buying an additional 122 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of NXP Semiconductors by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 75,197 shares of the semiconductor provider’s stock valued at $14,292,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.3%

Shares of NXP Semiconductors stock opened at $199.49 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.20. The business has a fifty day simple moving average of $210.72 and a two-hundred day simple moving average of $216.14. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The company has a market capitalization of $50.21 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.53 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.45 earnings per share. Research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 2.0%. NXP Semiconductors’s dividend payout ratio (DPR) is 50.12%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the transaction, the executive vice president directly owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This represents a 12.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. The trade was a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen dropped their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.47.

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.