Andra AP fonden Sells 244,559 Shares of NXP Semiconductors N.V. $NXPI

Andra AP fonden reduced its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 78.2% during the first quarter, Holdings Channel.com reports. The fund owned 68,041 shares of the semiconductor provider’s stock after selling 244,559 shares during the quarter. Andra AP fonden’s holdings in NXP Semiconductors were worth $13,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NXPI. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in NXP Semiconductors in the 4th quarter worth $28,000. Jessup Wealth Management Inc bought a new stake in NXP Semiconductors in the 4th quarter worth $29,000. Finally, Wexford Capital LP purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This trade represents a 45.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock worth $3,182,068 in the last three months. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Up 2.2%

NXPI opened at $273.15 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $68.96 billion, a PE ratio of 26.14, a PEG ratio of 0.96 and a beta of 1.79. The business has a 50 day moving average of $297.06 and a 200-day moving average of $251.41.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.64 earnings per share. Equities research analysts predict that NXP Semiconductors N.V. will post 13.46 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NXPI shares. TD Cowen upped their price objective on shares of NXP Semiconductors from $310.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Stifel Nicolaus boosted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Wells Fargo & Company lowered their price target on NXP Semiconductors from $305.00 to $290.00 and set an “equal weight” rating for the company in a research report on Monday. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Truist Financial boosted their target price on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $306.59.

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.