First Pacific Advisors LP Has $143.82 Million Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

First Pacific Advisors LP trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 756,686 shares of the semiconductor provider's stock after selling 26,546 shares during the period. NXP Semiconductors comprises approximately 2.3% of First Pacific Advisors LP's holdings, making the stock its 16th largest holding. First Pacific Advisors LP owned about 0.30% of NXP Semiconductors worth $143,816,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Argonautica Private Wealth Management Inc. acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at about $334,000. AE Wealth Management LLC grew its position in NXP Semiconductors by 6.9% in the 1st quarter. AE Wealth Management LLC now owns 6,066 shares of the semiconductor provider's stock valued at $1,153,000 after buying an additional 393 shares in the last quarter. Burney Co. increased its stake in shares of NXP Semiconductors by 2.1% during the first quarter. Burney Co. now owns 8,077 shares of the semiconductor provider's stock valued at $1,535,000 after acquiring an additional 166 shares during the period. Wakefield Asset Management LLLP bought a new stake in shares of NXP Semiconductors in the 1st quarter worth $291,000. Finally, Wedbush Securities Inc. lifted its holdings in NXP Semiconductors by 9.1% in the 1st quarter. Wedbush Securities Inc. now owns 2,016 shares of the semiconductor provider's stock valued at $383,000 after acquiring an additional 169 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research reports. Wells Fargo & Company raised their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday. Susquehanna lifted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday. Truist Financial increased their price objective on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group raised their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $1.14 on Friday, reaching $223.29. The company's stock had a trading volume of 2,160,678 shares, compared to its average volume of 2,632,921. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $264.54. The firm has a market cap of $56.41 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The business has a 50-day moving average price of $215.14 and a 200 day moving average price of $206.52. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95.

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 (EPS) for the quarter, topping 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 net margin of 17.72% and a return on equity of 27.72%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $3.20 EPS. Sell-side analysts expect 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. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.82%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction 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 of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Company 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.