Massmutual Trust Co. FSB ADV Grows Holdings in NXP Semiconductors (NASDAQ:NXPI)

Massmutual Trust Co. FSB ADV grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 28.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 596 shares of the semiconductor provider’s stock after acquiring an additional 131 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in NXP Semiconductors were worth $160,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Norges Bank acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the period. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 24.6% during the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after purchasing an additional 325,187 shares during the period. Finally, Putnam Investments LLC lifted its stake in shares of NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after acquiring an additional 65,741 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction 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 purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were purchased 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 approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on NXPI shares. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI raised their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. 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 report on Monday, July 15th. The Goldman Sachs Group raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Down 1.0 %

Shares of NXPI traded down $2.34 during mid-day trading on Monday, reaching $235.41. 3,227,521 shares of the stock traded hands, compared to its average volume of 2,268,460. The firm has a market cap of $59.97 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.63 and a beta of 1.49. The stock has a fifty day simple moving average of $269.97 and a 200 day simple moving average of $251.68. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.72%. NXP Semiconductors’s payout ratio is 37.49%.

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.