NXP Semiconductors N.V. $NXPI Shares Sold by STF Management LP

STF Management LP lowered its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,368 shares of the semiconductor provider’s stock after selling 2,452 shares during the quarter. STF Management LP’s holdings in NXP Semiconductors were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. iA Global Asset Management Inc. raised its holdings in shares of NXP Semiconductors by 3.9% during the fourth quarter. iA Global Asset Management Inc. now owns 31,294 shares of the semiconductor provider’s stock valued at $6,793,000 after acquiring an additional 1,163 shares during the last quarter. May Hill Capital LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $220,000. Millennium Capital Advisors LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $885,000. Stephens Inc. AR raised its holdings in shares of NXP Semiconductors by 2.8% during the fourth quarter. Stephens Inc. AR now owns 71,120 shares of the semiconductor provider’s stock valued at $15,459,000 after acquiring an additional 1,952 shares during the last quarter. Finally, AlphaCore Capital LLC raised its holdings in shares of NXP Semiconductors by 90.2% during the fourth quarter. AlphaCore Capital LLC now owns 3,398 shares of the semiconductor provider’s stock valued at $740,000 after acquiring an additional 1,611 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NXPI. Stifel Nicolaus increased their target price on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Needham & Company LLC upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Mizuho upped their price target on NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Loop Capital upped their price target on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% 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. Over the last three months, insiders sold 10,865 shares of company stock worth $2,508,416. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $291.50 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The business has a 50 day simple moving average of $224.91 and a 200-day simple moving average of $223.12. The firm has a market capitalization of $73.60 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.77. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $306.62.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.64 earnings per share. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

NXP Semiconductors 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.