NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 35.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,684 shares of the semiconductor provider's stock after selling 1,500 shares during the period. Griffin Asset Management Inc.'s holdings in NXP Semiconductors were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its holdings in shares of NXP Semiconductors by 1.3% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,185 shares of the semiconductor provider's stock worth $1,746,000 after buying an additional 115 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 36.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 19,244 shares of the semiconductor provider's stock worth $3,658,000 after buying an additional 5,188 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of NXP Semiconductors by 6.5% in the 1st quarter. Stanley Laman Group Ltd. now owns 20,350 shares of the semiconductor provider's stock worth $3,868,000 after buying an additional 1,241 shares during the last quarter. Marshall Financial Group LLC increased its holdings in shares of NXP Semiconductors by 8.4% in the 1st quarter. Marshall Financial Group LLC now owns 5,550 shares of the semiconductor provider's stock worth $1,055,000 after buying an additional 431 shares during the last quarter. Finally, Albert D Mason Inc. bought a new position in shares of NXP Semiconductors in the 1st quarter worth $220,000. Institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC decreased their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Truist Financial raised their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.78.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $6.50 on Friday, hitting $210.90. 1,839,860 shares of the company's stock were exchanged, compared to its average volume of 2,729,182. The company has a 50-day simple moving average of $192.58 and a 200-day simple moving average of $205.18. The stock has a market capitalization of $53.28 billion, a PE ratio of 21.68, a PEG ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the company earned $3.24 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

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.