Bailard Inc. Trims Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Bailard Inc. trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 14.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,621 shares of the semiconductor provider's stock after selling 1,487 shares during the period. Bailard Inc.'s holdings in NXP Semiconductors were worth $1,639,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Carrhae Capital LLP purchased a new position in shares of NXP Semiconductors during the 1st quarter worth $20,418,000. Dynasty Wealth Management LLC grew its stake in shares of NXP Semiconductors by 35.7% during the first quarter. Dynasty Wealth Management LLC now owns 2,155 shares of the semiconductor provider's stock valued at $410,000 after acquiring an additional 567 shares in the last quarter. Trust Investment Advisors grew its stake in NXP Semiconductors by 4.3% in the first quarter. Trust Investment Advisors now owns 5,237 shares of the semiconductor provider's stock worth $995,000 after purchasing an additional 217 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of NXP Semiconductors by 112.1% during the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after buying an additional 167 shares during the last quarter. Finally, Capital A Wealth Management LLC raised its holdings in NXP Semiconductors by 25.4% during the first quarter. Capital A Wealth Management LLC now owns 962 shares of the semiconductor provider's stock worth $183,000 after purchasing an additional 195 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NXPI. Wells Fargo & Company lifted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. TD Cowen raised their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. UBS Group lifted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $251.63.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $224.50 on Friday. The company has a market capitalization of $56.72 billion, a PE ratio of 24.46, a P/E/G ratio of 2.75 and a beta of 1.40. The firm has a fifty day simple moving average of $212.97 and a two-hundred day simple moving average of $205.84. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $285.55.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 EPS. Research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors's dividend payout ratio is presently 44.23%.

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.

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