Citigroup Inc. Has $199.17 Million Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Citigroup Inc. reduced its stake in NXP Semiconductors N.V. by 15.7%, selling 195,736 shares, leaving them with approximately 1,047,944 shares worth $199.17 million.
• Other institutional investors significantly increased their holdings in NXP, with Voloridge Investment Management LLC boosting its stake by 131.4% and GAMMA Investing LLC rising by a staggering 26,732% in the 1st quarter.
• NXP Semiconductors declared a quarterly dividend of $1.014 per share, representing a 2.0% yield, and showed stronger-than-expected earnings results with an EPS of $2.72.

Citigroup Inc. lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 15.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,047,944 shares of the semiconductor provider's stock after selling 195,736 shares during the quarter. Citigroup Inc. owned about 0.41% of NXP Semiconductors worth $199,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NXPI. Hemington Wealth Management raised its stake in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after buying an additional 59 shares in the last quarter. Valley National Advisers Inc. raised its position in 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 buying an additional 126 shares during the period. Ameriflex Group Inc. acquired a new position in NXP Semiconductors during the fourth quarter valued at $44,000. Rossby Financial LCC acquired a new position in NXP Semiconductors during the first quarter valued at $46,000. Finally, GoalVest Advisory LLC raised its position in 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 buying an additional 227 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the company'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 owned 27,088 shares of the company's stock, valued at $6,230,240. This represents a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William Betz sold 6,785 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $14.89 during mid-day trading on Tuesday, hitting $220.05. 4,210,058 shares of the company's stock traded hands, compared to its average volume of 3,024,376. The firm has a 50 day moving average of $218.43 and a two-hundred day moving average of $206.48. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $259.74. The firm has a market capitalization of $55.48 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Announces Dividend

The company 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 of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio is 48.39%.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. KGI Securities upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Citigroup boosted their target price on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, KeyCorp boosted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. 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 stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average target price of $256.05.

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.