The Manufacturers Life Insurance Company Sells 8,242 Shares of NXP Semiconductors N.V. $NXPI

The Manufacturers Life Insurance Company lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,437 shares of the semiconductor provider’s stock after selling 8,242 shares during the period. The Manufacturers Life Insurance Company’s holdings in NXP Semiconductors were worth $36,657,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth approximately $28,000. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Finally, Pingora Partners LLC purchased a new position in NXP Semiconductors in the second quarter valued at approximately $35,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.62 on Friday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock’s 50-day simple moving average is $245.26 and its 200 day simple moving average is $251.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market capitalization of $59.67 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $2.72 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. TD Cowen dropped their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Finally, Morgan Stanley lifted their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.