STF Management LP Lowers Holdings in NXP Semiconductors N.V. $NXPI

STF Management LP trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 64.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,368 shares of the semiconductor provider’s stock after selling 2,452 shares during the quarter. STF Management LP’s holdings in NXP Semiconductors were worth $297,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. CNB Bank acquired a new position in NXP Semiconductors during the third quarter worth $28,000. Wexford Capital LP acquired a new position in NXP Semiconductors during the third quarter worth $31,000. Kelleher Financial Advisors acquired a new position in NXP Semiconductors during the third quarter worth $31,000. Finally, Community Bank N.A. acquired a new position in NXP Semiconductors during the third quarter worth $37,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This represents a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their price target on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. KeyCorp increased their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus increased their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Stock Down 0.9%

NXPI opened at $291.50 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $306.62. The business’s 50-day simple moving average is $224.91 and its 200-day simple moving average is $223.12. The stock has a market capitalization of $73.60 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $2.64 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is currently 38.85%.

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.