NXP Semiconductors N.V. (NASDAQ:NXPI) Position Lessened by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 13.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,311 shares of the semiconductor provider's stock after selling 6,340 shares during the period. Calamos Wealth Management LLC's holdings in NXP Semiconductors were worth $8,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the period. Smartleaf Asset Management LLC lifted its holdings in NXP Semiconductors by 20.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 529 shares of the semiconductor provider's stock worth $110,000 after purchasing an additional 90 shares during the period. Jones Financial Companies Lllp lifted its holdings in NXP Semiconductors by 30.0% in the fourth quarter. Jones Financial Companies Lllp now owns 13,123 shares of the semiconductor provider's stock worth $2,728,000 after purchasing an additional 3,025 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NXP Semiconductors by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,425,212 shares of the semiconductor provider's stock worth $296,230,000 after purchasing an additional 31,431 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in NXP Semiconductors by 18.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,759 shares of the semiconductor provider's stock worth $365,000 after purchasing an additional 279 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the 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 sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The transaction 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 Trading Up 0.7%

NXPI stock traded up $1.59 during mid-day trading on Friday, reaching $232.74. 1,299,390 shares of the stock traded hands, compared to its average volume of 2,759,710. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market cap 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 52-week low of $148.09 and a 52-week high of $296.08. The stock's fifty day moving average is $205.65 and its 200-day moving average is $204.89.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The business 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 firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. UBS Group upped their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Evercore ISI restated an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $246.22.

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.