NXP Semiconductors (NASDAQ:NXPI) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,495 shares of the semiconductor provider’s stock after selling 89 shares during the quarter. GraniteShares Advisors LLC’s holdings in NXP Semiconductors were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA increased its position in NXP Semiconductors by 6.3% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 4,250 shares of the semiconductor provider’s stock worth $808,000 after purchasing an additional 250 shares in the last quarter. Net Worth Advisory Group increased its position in NXP Semiconductors by 129.6% during the 1st quarter. Net Worth Advisory Group now owns 2,668 shares of the semiconductor provider’s stock worth $507,000 after purchasing an additional 1,506 shares in the last quarter. Fifth Third Bancorp increased its position in NXP Semiconductors by 10.4% during the 1st quarter. Fifth Third Bancorp now owns 18,377 shares of the semiconductor provider’s stock worth $3,493,000 after purchasing an additional 1,724 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in NXP Semiconductors during the 1st quarter worth about $265,000. Finally, Handelsbanken Fonder AB increased its position in NXP Semiconductors by 11.0% during the 1st quarter. Handelsbanken Fonder AB now owns 141,065 shares of the semiconductor provider’s stock worth $26,811,000 after purchasing an additional 13,962 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research report on Monday, April 21st. Citigroup dropped their price objective on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Truist Financial lifted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group lowered their price target on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.78.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $217.40 on Friday. The firm has a market capitalization of $54.92 billion, a P/E ratio of 22.34, a P/E/G ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business’s 50-day simple moving average is $191.44 and its 200-day simple moving average is $205.45.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.24 EPS. Equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.87%. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

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.