Sterling Capital Management LLC Sells 2,803 Shares of NXP Semiconductors N.V. $NXPI

Sterling Capital Management LLC lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,502 shares of the semiconductor provider’s stock after selling 2,803 shares during the quarter. Sterling Capital Management LLC’s holdings in NXP Semiconductors were worth $15,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the 4th quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $28,000. Jessup Wealth Management Inc purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $29,000. Finally, Quattro Advisors LLC bought a new position in shares of NXP Semiconductors during the fourth quarter valued at about $30,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This represents a 45.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock worth $3,182,068 in the last three months. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Down 7.2%

NXPI opened at $277.02 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $69.94 billion, a PE ratio of 26.51, a PEG ratio of 1.08 and a beta of 1.77. The business has a 50 day moving average of $290.93 and a 200-day moving average of $245.06.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.64 earnings per share. Equities research analysts predict that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NXPI shares. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stifel Nicolaus upped their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Oppenheimer increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley boosted their target price on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.08.

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.