Heritage Family Offices LLP Sells 162 Shares of NXP Semiconductors (NASDAQ:NXPI)

Heritage Family Offices LLP trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,316 shares of the semiconductor provider’s stock after selling 162 shares during the period. Heritage Family Offices LLP’s holdings in NXP Semiconductors were worth $630,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its position in shares of NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock worth $5,213,861,000 after purchasing an additional 86,716 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in NXP Semiconductors by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after acquiring an additional 144,391 shares during the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after acquiring an additional 269,656 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $192.81 on Tuesday. The stock has a fifty day moving average of $186.83 and a 200 day moving average of $205.91. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The firm has a market capitalization of $48.71 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.01 and a beta of 1.38. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $3.24 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays reduced their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Susquehanna dropped their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.22.

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.