NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Lessened by Morse Asset Management Inc

Morse Asset Management Inc lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,410 shares of the semiconductor provider’s stock after selling 1,943 shares during the period. Morse Asset Management Inc’s holdings in NXP Semiconductors were worth $2,827,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares during the period. Schechter Investment Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter valued at $212,000. Highland Capital Management LLC raised its stake in NXP Semiconductors by 22.7% during the 4th quarter. Highland Capital Management LLC now owns 6,766 shares of the semiconductor provider’s stock valued at $1,554,000 after purchasing an additional 1,250 shares during the period. IFG Advisory LLC acquired a new stake in NXP Semiconductors during the 4th quarter valued at $223,000. Finally, Meadow Creek Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter valued at $395,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 2.5 %

NASDAQ:NXPI traded up $6.11 during trading hours on Friday, reaching $253.62. The company’s stock had a trading volume of 2,111,290 shares, compared to its average volume of 2,277,814. The company has a market cap of $64.60 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.71 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The business’s 50-day moving average is $272.46 and its 200-day moving average is $250.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $3.04 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NXPI shares. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group boosted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 target price on the stock. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Barclays upped their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

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.