The Manufacturers Life Insurance Company Sells 18,651 Shares of NXP Semiconductors (NASDAQ:NXPI)

The Manufacturers Life Insurance Company decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 251,250 shares of the semiconductor provider’s stock after selling 18,651 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NXP Semiconductors were worth $67,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aveo Capital Partners LLC increased its stake in NXP Semiconductors by 43.7% in the fourth quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock worth $345,000 after purchasing an additional 456 shares during the period. 9258 Wealth Management LLC lifted its holdings in NXP Semiconductors by 21.2% during the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after buying an additional 881 shares in the last quarter. Stifel Financial Corp lifted its holdings in NXP Semiconductors by 33.7% during the 4th quarter. Stifel Financial Corp now owns 106,841 shares of the semiconductor provider’s stock valued at $24,539,000 after buying an additional 26,943 shares in the last quarter. J. W. Coons Advisors LLC boosted its position in NXP Semiconductors by 37.8% in the 4th quarter. J. W. Coons Advisors LLC now owns 1,867 shares of the semiconductor provider’s stock valued at $429,000 after buying an additional 512 shares during the period. Finally, TFO Wealth Partners LLC grew its stake in NXP Semiconductors by 163,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,638 shares of the semiconductor provider’s stock worth $376,000 after acquiring an additional 1,637 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Oppenheimer increased their price target on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Stifel Nicolaus raised their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. TD Cowen lowered their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Citigroup raised their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $294.89.

Insider Transactions at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 1.1 %

NASDAQ:NXPI opened at $244.93 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The company’s fifty day moving average price is $243.78 and its 200-day moving average price is $253.73. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The firm has a market capitalization of $62.62 billion, a P/E ratio of 22.62, a PEG ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $3.04 EPS. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.40%.

NXP Semiconductors 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.