Choreo LLC Has $1.03 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Choreo LLC reduced its stake in NXP Semiconductors by 47%, selling 4,776 shares and retaining just 5,382 shares valued at approximately $1,029,000.
• Several analysts have raised their target prices for NXP Semiconductors, with Evercore ISI setting a new target of $289.00 and Citigroup increasing theirs to $275.00.
• NXP Semiconductors recently announced a quarterly dividend of $1.014, resulting in an annualized dividend yield of 1.82%.

Choreo LLC reduced its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,382 shares of the semiconductor provider's stock after selling 4,776 shares during the period. Choreo LLC's holdings in NXP Semiconductors were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $44,000. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the period. Rossby Financial LCC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $46,000. GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position 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 purchasing an additional 167 shares during the period. 90.54% of the stock is owned by institutional investors.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This 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 through the SEC website. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent analyst reports. KeyCorp boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Barclays boosted their price target on NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Truist Financial boosted their price target on NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Finally, Citigroup boosted their price objective on NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

NXP Semiconductors Trading Down 0.6%

Shares of NXP Semiconductors stock traded down $1.31 during trading hours on Tuesday, hitting $227.18. The company's stock had a trading volume of 770,011 shares, compared to its average volume of 3,037,650. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $264.54. The stock has a 50 day moving average of $215.50 and a 200 day moving average of $206.63. The company has a market capitalization of $57.39 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.39%.

About NXP Semiconductors

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.