Corebridge Financial Inc. Has $14.34 Million Position in NXP Semiconductors N.V. $NXPI

Key Points

• Corebridge Financial Inc. reduced its holdings in NXP Semiconductors by 3.4% during Q1, owning 75,435 shares valued at approximately $14.34 million according to its recent SEC filing.
• Multiple hedge funds have recently modified their stakes in NXP Semiconductors, with Wellington Management Group LLP increasing its stake by 11.7%, now holding shares worth over $2.41 billion.
• Analysts have positive outlooks for NXP Semiconductors, with several raising their target prices; the consensus rating is a "Moderate Buy" with a target price of $256.05.

Corebridge Financial Inc. lowered its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,435 shares of the semiconductor provider's stock after selling 2,643 shares during the period. Corebridge Financial Inc.'s holdings in NXP Semiconductors were worth $14,337,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after buying an additional 698 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in NXP Semiconductors during the first quarter worth $320,000. Farther Finance Advisors LLC boosted its stake in NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after buying an additional 1,231 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of NXP Semiconductors by 14.5% during the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock valued at $1,413,000 after acquiring an additional 943 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of NXP Semiconductors by 18.2% during the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock valued at $2,418,000 after acquiring an additional 1,951 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. KeyCorp lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Evercore ISI reissued an "outperform" rating and set a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

Insiders Place Their Bets

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the sale, the president directly owned 4,958 shares of the company's stock, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William Betz sold 6,785 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,917 shares of company stock valued at $4,082,002. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $1.40 during trading on Thursday, reaching $239.07. The company's stock had a trading volume of 1,615,746 shares, compared to its average volume of 2,651,797. The stock has a 50-day moving average price of $223.56 and a two-hundred day moving average price of $208.39. 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 N.V. has a one year low of $148.09 and a one year high of $257.61. The stock has a market capitalization of $60.27 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.69 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.20 earnings per share. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's dividend payout ratio is currently 48.39%.

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.