Neuberger Berman Group LLC Sells 509,810 Shares of NXP Semiconductors (NASDAQ:NXPI)

Neuberger Berman Group LLC decreased its position in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 54.8% during the first quarter, HoldingsChannel reports. The firm owned 421,193 shares of the semiconductor provider’s stock after selling 509,810 shares during the quarter. Neuberger Berman Group LLC’s holdings in NXP Semiconductors were worth $77,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Walleye Capital LLC boosted its stake in shares of NXP Semiconductors by 2.8% in the 4th quarter. Walleye Capital LLC now owns 2,022 shares of the semiconductor provider’s stock valued at $461,000 after purchasing an additional 55 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of NXP Semiconductors by 9.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 672 shares of the semiconductor provider’s stock valued at $153,000 after purchasing an additional 56 shares during the period. Gamco Investors INC. ET AL grew its position in shares of NXP Semiconductors by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 12,120 shares of the semiconductor provider’s stock valued at $2,243,000 after purchasing an additional 60 shares during the period. Trust Investment Advisors boosted its position in NXP Semiconductors by 0.9% during the 1st quarter. Trust Investment Advisors now owns 8,149 shares of the semiconductor provider’s stock worth $1,508,000 after acquiring an additional 72 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in NXP Semiconductors by 2.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,957 shares of the semiconductor provider’s stock worth $547,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXPI. Cowen increased their price objective on NXP Semiconductors from $190.00 to $200.00 in a report on Wednesday, July 27th. Cowen raised their price objective on NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. Barclays reduced their price objective on NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 21st. Wells Fargo & Company reduced their price objective on NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. Finally, The Goldman Sachs Group cut their price target on NXP Semiconductors from $181.00 to $150.00 in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.05.

NXP Semiconductors Trading Up 0.2 %

Shares of NXPI stock opened at $159.94 on Friday. The company has a market cap of $42.00 billion, a P/E ratio of 17.46, a PEG ratio of 0.57 and a beta of 1.49. The stock has a 50 day simple moving average of $171.78 and a two-hundred day simple moving average of $173.80. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.65 and a current ratio of 2.15. NXP Semiconductors has a fifty-two week low of $140.33 and a fifty-two week high of $239.91.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings data on Monday, July 25th. The semiconductor provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.05 by $0.50. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Research analysts forecast that NXP Semiconductors will post 12.72 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.845 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.38 annualized dividend and a dividend yield of 2.11%. NXP Semiconductors’s dividend payout ratio is 36.90%.

NXP Semiconductors Company Profile

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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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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