Caldwell Trust Co Sells 3,205 Shares of NXP Semiconductors N.V. $NXPI

Caldwell Trust Co reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 36.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,531 shares of the semiconductor provider’s stock after selling 3,205 shares during the period. Caldwell Trust Co’s holdings in NXP Semiconductors were worth $1,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in NXP Semiconductors during the second quarter worth about $453,050,000. Boston Partners increased its holdings in NXP Semiconductors by 73.6% in the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after buying an additional 884,403 shares during the period. Rafferty Asset Management LLC raised its position in shares of NXP Semiconductors by 56.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after buying an additional 690,277 shares in the last quarter. California Public Employees Retirement System raised its position in shares of NXP Semiconductors by 104.3% in the 2nd quarter. California Public Employees Retirement System now owns 912,463 shares of the semiconductor provider’s stock valued at $199,364,000 after buying an additional 465,820 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of NXP Semiconductors by 1,266.9% during the 2nd quarter. American Century Companies Inc. now owns 319,720 shares of the semiconductor provider’s stock worth $69,856,000 after acquiring an additional 296,330 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.6%

Shares of NXPI opened at $237.89 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The stock has a market capitalization of $59.87 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.01 and a beta of 1.46. The stock has a fifty day moving average of $214.27 and a 200-day moving average of $220.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm earned $3.45 EPS. The company’s revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s payout ratio is 50.25%.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Julie Southern purchased 225 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the transaction, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 23,097 shares of company stock valued at $5,003,058 over the last quarter. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NXPI. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. TD Cowen reduced their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Truist Financial lifted their price target on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.62.

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.