Adage Capital Partners GP L.L.C. Cuts Position in NXP Semiconductors N.V. $NXPI

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in NXP Semiconductors by 15.1%, holding approximately 0.07% of the company with a value of $32.67 million after selling 30,600 shares.
• Insider selling activity includes NXP President Rafael Sotomayor selling 2,000 shares and EVP Jennifer Wuamett selling 9,132 shares, both seeing significant decreases in their positions.
• NXP Semiconductors recently declared a quarterly dividend of $1.014 per share, equating to an annualized yield of 1.8%, with the dividend payout ratio currently at 48.39%.

Adage Capital Partners GP L.L.C. trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 171,908 shares of the semiconductor provider's stock after selling 30,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of NXP Semiconductors worth $32,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXPI. Wellington Management Group LLP raised its position in shares of NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock valued at $2,419,662,000 after buying an additional 1,330,474 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after purchasing an additional 87,820 shares during the period. Invesco Ltd. boosted its stake in shares of NXP Semiconductors by 8.2% during the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider's stock valued at $891,975,000 after purchasing an additional 353,782 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of NXP Semiconductors by 10.6% in the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock valued at $858,902,000 after acquiring an additional 432,838 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of NXP Semiconductors by 20.0% in the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider's stock valued at $647,387,000 after acquiring an additional 567,831 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NXPI. Truist Financial boosted their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Evercore ISI reiterated an "outperform" rating and issued a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Needham & Company LLC upped their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They issued a "buy" rating and a $276.00 price objective on the stock. Finally, Citigroup increased their target price on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors Trading Down 0.9%

NXPI traded down $2.01 on Wednesday, hitting $221.68. The company had a trading volume of 333,606 shares, compared to its average volume of 2,940,368. The firm has a market cap of $55.89 billion, a P/E ratio of 26.47, a PEG ratio of 2.56 and a beta of 1.43. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. The company's fifty day moving average price is $225.60 and its 200 day moving average price is $208.28. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.NXP Semiconductors's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's payout ratio is currently 48.39%.

Insider Transactions at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president owned 4,958 shares in the company, valued at $1,088,628.06. This trade represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,917 shares of company stock worth $4,082,002 over the last 90 days. 0.12% of the stock is currently owned by insiders.

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.