HighTower Advisors LLC trimmed its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 33.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,607 shares of the semiconductor provider’s stock after selling 11,603 shares during the period. HighTower Advisors LLC’s holdings in NXP Semiconductors were worth $1,864,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its position in NXP Semiconductors by 519.9% in the fourth quarter. Assetmark Inc. now owns 1,649 shares of the semiconductor provider’s stock valued at $210,000 after purchasing an additional 1,383 shares in the last quarter. Korea Investment CORP grew its position in NXP Semiconductors by 6.3% in the fourth quarter. Korea Investment CORP now owns 235,263 shares of the semiconductor provider’s stock valued at $29,940,000 after purchasing an additional 13,950 shares in the last quarter. Gideon Capital Advisors Inc. bought a new position in NXP Semiconductors in the fourth quarter valued at $298,000. Envestnet Asset Management Inc. grew its position in NXP Semiconductors by 12.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 252,812 shares of the semiconductor provider’s stock valued at $32,173,000 after purchasing an additional 28,291 shares in the last quarter. Finally, Griffin Asset Management Inc. grew its position in NXP Semiconductors by 19.0% in the fourth quarter. Griffin Asset Management Inc. now owns 2,375 shares of the semiconductor provider’s stock valued at $302,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 88.47% of the company’s stock.

In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $94.33, for a total value of $94,330.00. Following the completion of the sale, the director now owns 21,840 shares in the company, valued at approximately $2,060,167.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

NASDAQ NXPI opened at $111.58 on Tuesday. The firm has a 50-day moving average of $105.08 and a 200-day moving average of $110.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.77. The stock has a market cap of $30.17 billion, a PE ratio of 132.83, a P/E/G ratio of 3.30 and a beta of 1.47. NXP Semiconductors NV has a 52-week low of $58.41 and a 52-week high of $139.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 27th. The semiconductor provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.63. NXP Semiconductors had a net margin of 2.76% and a return on equity of 24.18%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. As a group, analysts predict that NXP Semiconductors NV will post 3.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, June 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 18.66%.

A number of research analysts recently weighed in on the stock. Deutsche Bank decreased their target price on shares of NXP Semiconductors from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Citigroup decreased their target price on shares of NXP Semiconductors from $129.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Evercore ISI upgraded shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Monday, June 8th. Susquehanna Bancshares reiterated a “hold” rating and issued a $100.00 price target on shares of NXP Semiconductors in a research note on Tuesday, April 28th. Finally, Raymond James cut their price target on shares of NXP Semiconductors from $145.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $120.04.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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