NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Bowman & Co S.C.

Bowman & Co S.C. reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,634 shares of the semiconductor provider’s stock after selling 173 shares during the period. Bowman & Co S.C.’s holdings in NXP Semiconductors were worth $1,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock valued at $2,529,129,000 after purchasing an additional 118,562 shares during the period. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Ameriprise Financial Inc. increased its holdings in NXP Semiconductors by 4.4% in the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock valued at $440,841,000 after buying an additional 92,571 shares in the last quarter. Finally, Morgan Stanley increased its holdings in NXP Semiconductors by 5.8% in the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock valued at $437,008,000 after buying an additional 119,183 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on NXPI. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Cantor Fitzgerald lifted their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. The Goldman Sachs Group lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Truist Financial lifted their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $267.80.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $268.17 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a market capitalization of $68.57 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.52 and a beta of 1.50. The company’s 50-day moving average is $262.08 and its two-hundred day moving average is $242.39. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. Analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.51%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.