Forsta AP Fonden Sells 13,800 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Forsta AP Fonden has sold 13,800 shares of NXP Semiconductors, reducing its stake by 19.3% during the first quarter, leaving it with 57,700 shares worth approximately $10,966,000.
• In contrast, other investors like National Bank of Canada FI increased their holdings in NXP Semiconductors by 22.1%, now owning 58,845 shares valued at about $11,191,000.
• NXP Semiconductors reported earnings of $2.72 EPS for the last quarter, surpassing the consensus estimate, although revenue decreased by 6.4% year-over-year.

Forsta AP Fonden cut its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,700 shares of the semiconductor provider's stock after selling 13,800 shares during the period. Forsta AP Fonden's holdings in NXP Semiconductors were worth $10,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of NXP Semiconductors by 22.1% during the first quarter. National Bank of Canada FI now owns 58,845 shares of the semiconductor provider's stock worth $11,191,000 after purchasing an additional 10,652 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of NXP Semiconductors by 3.5% during the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock valued at $312,000 after purchasing an additional 55 shares during the period. WBH Advisory Inc. boosted its stake in shares of NXP Semiconductors by 8.9% during the first quarter. WBH Advisory Inc. now owns 1,830 shares of the semiconductor provider's stock valued at $348,000 after purchasing an additional 149 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of NXP Semiconductors by 13.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 511,480 shares of the semiconductor provider's stock valued at $97,212,000 after purchasing an additional 58,758 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $1,383,000. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors 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 transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Up 0.6%

NASDAQ NXPI opened at $207.16 on Friday. The stock's 50-day moving average price is $218.18 and its 200-day moving average price is $206.63. The company has a market capitalization of $52.23 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results 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. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $3.20 EPS. The firm's quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. 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 2.0%. NXP Semiconductors's payout ratio is presently 48.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NXPI shares. Susquehanna upped their target price on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday, July 18th. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a report on Thursday, July 10th. They set a "buy" rating and a $276.00 price target for the company. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays increased their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $256.05.

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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