NXP Semiconductors N.V. $NXPI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,251,226 shares of the semiconductor provider’s stock after selling 51,856 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.50% of NXP Semiconductors worth $284,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in shares of NXP Semiconductors by 2.2% during the third quarter. Valeo Financial Advisors LLC now owns 3,420 shares of the semiconductor provider’s stock worth $779,000 after acquiring an additional 74 shares during the last quarter. Truist Financial Corp raised its stake in shares of NXP Semiconductors by 10.5% during the 3rd quarter. Truist Financial Corp now owns 121,039 shares of the semiconductor provider’s stock worth $27,564,000 after buying an additional 11,487 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in NXP Semiconductors by 1.8% in the third quarter. J. Safra Sarasin Holding AG now owns 70,883 shares of the semiconductor provider’s stock worth $16,142,000 after acquiring an additional 1,269 shares in the last quarter. One Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 7.9% in the 3rd quarter. One Wealth Advisors LLC now owns 1,251 shares of the semiconductor provider’s stock valued at $285,000 after purchasing an additional 92 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $460,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $233.50 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average is $224.89 and its two-hundred day moving average is $221.23. The company has a market capitalization of $58.76 billion, a PE ratio of 28.90, a P/E/G ratio of 3.00 and a beta of 1.46. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.25%.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. JPMorgan Chase & Co. increased their price objective 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. Evercore ISI boosted their price target on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $259.29.

Insider Activity

In related news, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Julie Southern acquired 225 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the purchase, the insider directly owned 11,937 shares in the company, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 23,097 shares of company stock worth $5,003,058 over the last 90 days. 0.12% 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.