Assetmark Inc. Decreases Holdings in NXP Semiconductors N.V. $NXPI

Assetmark Inc. cut its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,534 shares of the semiconductor provider’s stock after selling 2,803 shares during the quarter. Assetmark Inc.’s holdings in NXP Semiconductors were worth $8,798,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NXPI. Old North State Wealth Management LLC grew its holdings in NXP Semiconductors by 8.5% in the 4th quarter. Old North State Wealth Management LLC now owns 2,984 shares of the semiconductor provider’s stock worth $649,000 after acquiring an additional 235 shares during the last quarter. Financial Advisory Partners LLC boosted its stake in NXP Semiconductors by 0.8% in the 4th quarter. Financial Advisory Partners LLC now owns 15,455 shares of the semiconductor provider’s stock worth $3,355,000 after purchasing an additional 127 shares in the last quarter. Smith Moore & CO. boosted its stake in NXP Semiconductors by 10.1% in the 4th quarter. Smith Moore & CO. now owns 1,965 shares of the semiconductor provider’s stock worth $427,000 after purchasing an additional 181 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in NXP Semiconductors by 3.0% in the 4th quarter. Stanley Laman Group Ltd. now owns 17,692 shares of the semiconductor provider’s stock worth $3,840,000 after purchasing an additional 515 shares in the last quarter. Finally, Burney Co. boosted its stake in NXP Semiconductors by 27.6% in the 4th quarter. Burney Co. now owns 7,342 shares of the semiconductor provider’s stock worth $1,594,000 after purchasing an additional 1,587 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NXPI shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $240.00 price target on shares of NXP Semiconductors in a research note on Wednesday, February 4th. KeyCorp upped their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Bank of America reiterated a “neutral” rating and issued a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a research note on Friday, January 16th. Finally, TD Cowen dropped their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.11.

NXP Semiconductors Trading Up 1.1%

Shares of NXPI opened at $216.03 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. NXP Semiconductors N.V. has a 1 year low of $166.60 and a 1 year high of $256.36. The company has a 50 day simple moving average of $211.66 and a two-hundred day simple moving average of $216.85. The firm has a market cap of $54.59 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $3.18 EPS. On average, equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 51.13%.

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.