Calamos Advisors LLC Sells 53,584 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Calamos Advisors LLC lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,928 shares of the semiconductor provider's stock after selling 53,584 shares during the period. Calamos Advisors LLC's holdings in NXP Semiconductors were worth $20,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. Brighton Jones LLC grew its position in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after acquiring an additional 218 shares during the period. Smartleaf Asset Management LLC grew its position in shares of NXP Semiconductors by 20.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 529 shares of the semiconductor provider's stock valued at $110,000 after acquiring an additional 90 shares during the period. Assetmark Inc. grew its position in shares of NXP Semiconductors by 14.7% in the 4th quarter. Assetmark Inc. now owns 34,749 shares of the semiconductor provider's stock valued at $7,223,000 after acquiring an additional 4,456 shares during the period. Proficio Capital Partners LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $3,931,000. Finally, Inceptionr LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $1,113,000. Institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research analyst reports. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. TD Cowen lifted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $232.74 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $58.80 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.89 and a beta of 1.40. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $296.08. The firm has a 50-day moving average price of $205.65 and a two-hundred day moving average price of $204.93.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is presently 44.23%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company's stock.

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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