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First Hawaiian Bank Sells 4,848 Shares of NXP Semiconductors (NASDAQ:NXPI)

NXP Semiconductors logo with Computer and Technology background

First Hawaiian Bank lessened its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 59.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,363 shares of the semiconductor provider's stock after selling 4,848 shares during the quarter. First Hawaiian Bank's holdings in NXP Semiconductors were worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. FMR LLC grew its stake in shares of NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after buying an additional 86,716 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after buying an additional 99,667 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock worth $1,672,409,000 after acquiring an additional 144,391 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after acquiring an additional 269,656 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $11.06 on Wednesday, reaching $210.02. The company's stock had a trading volume of 3,856,616 shares, compared to its average volume of 2,702,995. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market cap of $53.06 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The business has a 50-day moving average price of $187.21 and a 200 day moving average price of $205.89.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. NXP Semiconductors's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 EPS. Sell-side analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is 44.12%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXPI shares. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. TD Cowen raised 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. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup decreased their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $246.22.

Read Our Latest Report on NXP Semiconductors

About NXP Semiconductors

(Free Report)

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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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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