Sumitomo Mitsui Trust Holdings Inc. Sells 14,428 Shares of NXP Semiconductors (NASDAQ:NXPI)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,021,621 shares of the semiconductor provider’s stock after selling 14,428 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.40% of NXP Semiconductors worth $253,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teza Capital Management LLC bought a new position in NXP Semiconductors in the third quarter worth approximately $498,000. Ancora Advisors LLC raised its holdings in NXP Semiconductors by 111.6% in the 3rd quarter. Ancora Advisors LLC now owns 273 shares of the semiconductor provider’s stock worth $55,000 after purchasing an additional 144 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in NXP Semiconductors by 74.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 24,240 shares of the semiconductor provider’s stock valued at $4,846,000 after purchasing an additional 10,340 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in NXP Semiconductors by 474.5% during the third quarter. Glenmede Trust Co. NA now owns 65,502 shares of the semiconductor provider’s stock valued at $13,095,000 after purchasing an additional 54,101 shares during the period. Finally, Advisors Asset Management Inc. increased its position in NXP Semiconductors by 32.6% in the third quarter. Advisors Asset Management Inc. now owns 12,587 shares of the semiconductor provider’s stock worth $2,516,000 after buying an additional 3,092 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $272.29 on Thursday. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87. The company’s 50-day moving average is $266.77 and its 200 day moving average is $243.89. The firm has a market capitalization of $69.62 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.49. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Cantor Fitzgerald boosted their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. TD Cowen increased their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 target price on the stock. Evercore ISI increased their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Truist Financial boosted their price objective on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.