Cambiar Investors LLC Sells 9,538 Shares of NXP Semiconductors N.V. $NXPI

Cambiar Investors LLC cut its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 32.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,036 shares of the semiconductor provider’s stock after selling 9,538 shares during the quarter. Cambiar Investors LLC’s holdings in NXP Semiconductors were worth $4,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after buying an additional 218 shares during the period. NewEdge Advisors LLC grew its holdings in NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after purchasing an additional 234 shares during the period. Perigon Wealth Management LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at approximately $225,000. Avior Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 956.1% during the second quarter. Avior Wealth Management LLC now owns 1,563 shares of the semiconductor provider’s stock valued at $342,000 after purchasing an additional 1,415 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of NXP Semiconductors by 4.9% during the second quarter. V Square Quantitative Management LLC now owns 5,176 shares of the semiconductor provider’s stock valued at $1,131,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares in the company, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,097 shares of company stock worth $5,003,058 in the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NXPI shares. Mizuho raised their price objective on NXP Semiconductors from $265.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Citigroup raised their price target on NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Truist Financial upped their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Cantor Fitzgerald restated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.29.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $229.42 on Wednesday. The firm’s 50-day moving average price is $222.90 and its 200-day moving average price is $221.01. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The company has a market cap of $57.74 billion, a PE ratio of 28.39, a PEG ratio of 2.89 and a beta of 1.46. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

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 net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company earned $3.45 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

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 1.8%. The ex-dividend date of this dividend was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is presently 50.25%.

NXP Semiconductors Company Profile

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.