NXP Semiconductors N.V. $NXPI Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP decreased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 30.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,620 shares of the semiconductor provider’s stock after selling 87,057 shares during the quarter. NXP Semiconductors comprises about 1.2% of ARGA Investment Management LP’s portfolio, making the stock its 20th biggest position. ARGA Investment Management LP’s holdings in NXP Semiconductors were worth $44,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CNB Bank purchased a new stake in NXP Semiconductors in the third quarter valued at about $28,000. Brown Lisle Cummings Inc. grew its stake in shares of NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors during the second quarter valued at about $35,000. True Wealth Design LLC raised its position in shares of NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $43,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In related news, insider Julie Southern bought 225 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the completion of the acquisition, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,097 shares of company stock worth $5,003,058. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NXPI shares. TD Cowen boosted their target price on shares of NXP Semiconductors from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Evercore ISI raised their target price on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.29.

NXP Semiconductors Price Performance

NXPI stock opened at $232.48 on Friday. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The stock has a market cap of $58.51 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 2.96 and a beta of 1.46. The business has a fifty day moving average of $221.27 and a two-hundred day moving average of $221.17.

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

NXP Semiconductors Dividend Announcement

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

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.