Allspring Global Investments Holdings LLC Trims Stock Position in NXP Semiconductors N.V. $NXPI

Allspring Global Investments Holdings LLC lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 20.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,909 shares of the semiconductor provider’s stock after selling 60,438 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NXP Semiconductors were worth $51,538,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NXPI. Bourgeon Capital Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at $1,310,000. Oliver Luxxe Assets LLC purchased a new stake in NXP Semiconductors in the third quarter worth about $6,096,000. Deprince Race & Zollo Inc. grew its holdings in NXP Semiconductors by 8.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 149,789 shares of the semiconductor provider’s stock worth $34,111,000 after acquiring an additional 11,254 shares in the last quarter. ING Groep NV grew its holdings in NXP Semiconductors by 27.5% during the 3rd quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock worth $23,877,000 after acquiring an additional 22,631 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in NXP Semiconductors by 23.1% during the 2nd quarter. Osaic Holdings Inc. now owns 70,387 shares of the semiconductor provider’s stock valued at $15,022,000 after purchasing an additional 13,209 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $195.58 on Thursday. The business’s fifty day simple moving average is $217.70 and its 200-day simple moving average is $218.50. The company has a market cap of $49.42 billion, a PE ratio of 24.63, a PEG ratio of 0.88 and a beta of 1.46. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.36.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter last year, the firm earned $3.18 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 51.13%.

Insider Activity

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction 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. This trade represents a 51.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $240.00 price target on shares of NXP Semiconductors in a report on Wednesday, February 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Bank of America lowered their target price on NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their target price on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.67.

NXP Semiconductors 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.