Groupe la Francaise Sells 2,292 Shares of NXP Semiconductors N.V. $NXPI

Groupe la Francaise reduced its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,720 shares of the semiconductor provider’s stock after selling 2,292 shares during the period. Groupe la Francaise’s holdings in NXP Semiconductors were worth $5,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MCF Advisors LLC lifted its stake in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 43 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after acquiring an additional 43 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after acquiring an additional 45 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after acquiring an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its position in shares of NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $227.84 on Tuesday. The stock has a market cap of $57.45 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a 50 day moving average price of $249.19 and a 200-day moving average price of $251.73. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s payout ratio is 34.64%.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NXPI. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Finally, UBS Group reissued a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

About NXP Semiconductors

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.