NXP Semiconductors N.V. $NXPI Holdings Reduced by Generate Investment Management Ltd

Generate Investment Management Ltd lowered its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 44.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 28,293 shares of the semiconductor provider’s stock after selling 22,764 shares during the quarter. Generate Investment Management Ltd’s holdings in NXP Semiconductors were worth $5,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brookstone Capital Management grew its holdings in NXP Semiconductors by 30.2% in the 1st quarter. Brookstone Capital Management now owns 1,428 shares of the semiconductor provider’s stock worth $281,000 after buying an additional 331 shares in the last quarter. SG Americas Securities LLC boosted its position in NXP Semiconductors by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 768,773 shares of the semiconductor provider’s stock worth $151,341,000 after acquiring an additional 268,290 shares during the period. Smith Salley Wealth Management grew its stake in shares of NXP Semiconductors by 0.7% in the first quarter. Smith Salley Wealth Management now owns 82,143 shares of the semiconductor provider’s stock worth $16,171,000 after purchasing an additional 545 shares in the last quarter. Evolve Private Wealth LLC increased its holdings in shares of NXP Semiconductors by 12.6% during the first quarter. Evolve Private Wealth LLC now owns 2,343 shares of the semiconductor provider’s stock valued at $461,000 after purchasing an additional 263 shares during the period. Finally, Old North State Trust LLC raised its stake in shares of NXP Semiconductors by 20.9% during the fourth quarter. Old North State Trust LLC now owns 1,418 shares of the semiconductor provider’s stock valued at $308,000 after purchasing an additional 245 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Raymond James Financial increased their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Barclays upped their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Oppenheimer boosted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Loop Capital upped their target price on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research lifted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.92.

NXP Semiconductors Stock Up 3.2%

NASDAQ NXPI opened at $323.24 on Tuesday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market capitalization of $81.61 billion, a P/E ratio of 30.93, a PEG ratio of 1.13 and a beta of 1.77. The company’s 50 day simple moving average is $284.18 and its 200 day simple moving average is $243.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $2.64 earnings per share. Equities research analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. 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 have sold 12,611 shares of company stock worth $3,182,068 in the last three months. 0.05% of the stock is currently owned by insiders.

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.