Ethic Inc. Sells 5,329 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Ethic Inc. has reduced its stake in NXP Semiconductors N.V. by 25.9%, selling 5,329 shares and now owning 15,252 shares worth approximately $2.9 million.
• Several institutional investors, including Dimensional Fund Advisors LP and Kovitz Investment Group Partners LLC, have either increased or established their positions in NXP Semiconductors during the first quarter.
• NXP Semiconductors reported earnings per share of $2.72 for the last quarter, exceeding estimates, but also noted a 6.4% decline in revenue compared to the same quarter last year.

Ethic Inc. trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,252 shares of the semiconductor provider's stock after selling 5,329 shares during the period. Ethic Inc.'s holdings in NXP Semiconductors were worth $2,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. boosted its stake in shares of NXP Semiconductors by 3.3% during the 1st quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider's stock valued at $317,000 after buying an additional 54 shares during the period. AlphaCore Capital LLC boosted its stake in shares of NXP Semiconductors by 3.5% during the 1st quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock valued at $312,000 after buying an additional 55 shares during the period. Manchester Capital Management LLC boosted its stake in shares of NXP Semiconductors by 14.7% during the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock valued at $85,000 after buying an additional 57 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after buying an additional 58 shares during the period. Finally, Hemington Wealth Management boosted its stake in shares of NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 59 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NXPI. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. KeyCorp lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen lifted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup lifted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Up 4.9%

Shares of NXPI stock traded up $10.90 on Friday, hitting $234.83. The company's stock had a trading volume of 2,993,968 shares, compared to its average volume of 2,723,165. 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 N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $257.61. The firm's fifty day moving average price is $221.60 and its 200-day moving average price is $207.67. The stock has a market capitalization of $59.21 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 2.66 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. NXP Semiconductors's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. Research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's payout ratio is currently 48.39%.

Insiders Place Their Bets

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,917 shares of company stock valued at $4,082,002 in the last quarter. Insiders own 0.12% of the company's stock.

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.