CCLA Investment Management Cuts Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• CCLA Investment Management reduced its stake in NXP Semiconductors by 4.9% to approximately $97.4 million after selling almost 27,000 shares in the 1st quarter.
• NXP Semiconductors reported a quarterly EPS of $2.72, exceeding estimates, with revenue of $2.93 billion, although down 6.4% year-over-year.
• The company recently announced a quarterly dividend of $1.014, resulting in an annual yield of 1.9% and a payout ratio of approximately 48.39%.

CCLA Investment Management lowered its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 512,468 shares of the semiconductor provider's stock after selling 26,497 shares during the period. CCLA Investment Management owned about 0.20% of NXP Semiconductors worth $97,445,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new position in shares of NXP Semiconductors during the first quarter valued at about $60,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in NXP Semiconductors during the 1st quarter valued at about $620,000. PNC Financial Services Group Inc. boosted its holdings in NXP Semiconductors by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 75,197 shares of the semiconductor provider's stock valued at $14,292,000 after acquiring an additional 2,900 shares during the period. Baker Avenue Asset Management LP grew its position in NXP Semiconductors by 21.4% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,264 shares of the semiconductor provider's stock worth $430,000 after acquiring an additional 399 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in NXP Semiconductors in the 1st quarter worth approximately $335,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 1.8%

Shares of NXP Semiconductors stock opened at $209.92 on Friday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The company's fifty day simple moving average is $216.84 and its 200-day simple moving average is $206.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The stock has a market capitalization of $52.93 billion, a PE ratio of 25.02, a P/E/G ratio of 2.38 and a beta of 1.42.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.20 earnings per share. As a group, equities analysts anticipate 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 was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. NXP Semiconductors's dividend payout ratio is 48.39%.

Insiders Place Their Bets

In related news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred 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 approximately $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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. This represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research report on Monday, April 21st. Truist Financial boosted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup increased their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, UBS Group raised their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.05.

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.

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