Trust Investment Advisors Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Trust Investment Advisors decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,370 shares of the semiconductor provider’s stock after selling 1,249 shares during the quarter. NXP Semiconductors comprises 1.1% of Trust Investment Advisors’ investment portfolio, making the stock its 22nd largest holding. Trust Investment Advisors’ holdings in NXP Semiconductors were worth $1,714,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after buying an additional 1,909,898 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of NXP Semiconductors by 893.2% in the 4th 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 last quarter. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 10.6% in the second quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after purchasing an additional 173,697 shares during the period. Putnam Investments LLC raised its stake in shares of NXP Semiconductors by 4.4% during the fourth quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after purchasing an additional 65,741 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NXP Semiconductors by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after purchasing an additional 80,087 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NXPI. Barclays upped their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Truist Financial lowered their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $325.00 in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the stock in a transaction on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $238.72 on Friday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The firm has a market cap of $61.04 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company’s 50-day moving average is $248.98 and its two-hundred day moving average is $254.45. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Research analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.70%. NXP Semiconductors’s payout ratio is currently 37.40%.

NXP Semiconductors 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.