Massmutual Trust Co. FSB ADV Acquires 70 Shares of NXP Semiconductors (NASDAQ:NXPI)

Massmutual Trust Co. FSB ADV raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 17.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465 shares of the semiconductor provider’s stock after acquiring an additional 70 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in NXP Semiconductors were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NXPI. Ontario Teachers Pension Plan Board bought a new position in shares of NXP Semiconductors during the 3rd quarter worth $556,000. Mariner LLC lifted its stake in shares of NXP Semiconductors by 20.5% during the 3rd quarter. Mariner LLC now owns 22,268 shares of the semiconductor provider’s stock worth $4,452,000 after purchasing an additional 3,791 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of NXP Semiconductors by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 79,898 shares of the semiconductor provider’s stock worth $15,974,000 after purchasing an additional 2,670 shares during the last quarter. Northern Trust Corp lifted its stake in shares of NXP Semiconductors by 10.9% during the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after purchasing an additional 211,927 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its stake in shares of NXP Semiconductors by 21.2% during the 3rd quarter. AlphaCore Capital LLC now owns 1,315 shares of the semiconductor provider’s stock worth $264,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research analyst reports. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Oppenheimer increased their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC increased their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Cantor Fitzgerald increased their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.80.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $271.03 on Friday. The company has a market cap of $69.30 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.50. The stock’s 50 day simple moving average is $260.55 and its 200-day simple moving average is $241.12. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. As a group, equities research analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a $1.014 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.50%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

About NXP Semiconductors

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.