Crestwood Advisors Group LLC Decreases Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Crestwood Advisors Group LLC cut its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,614 shares of the semiconductor provider's stock after selling 2,983 shares during the period. Crestwood Advisors Group LLC's holdings in NXP Semiconductors were worth $15,892,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $672,224,000. Voloridge Investment Management LLC raised its holdings in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after purchasing an additional 581,688 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on NXPI shares. Citigroup upped their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday, July 7th. TD Cowen upped their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. The Goldman Sachs Group started coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. Evercore ISI reiterated an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Finally, Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $253.74.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $229.73 on Monday. 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 firm has a market cap of $58.04 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. The company's 50 day simple moving average is $213.64 and its 200-day simple moving average is $205.95. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $284.75.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. NXP Semiconductors's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.24 earnings per share. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

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.

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