Grimes & Company Inc. Has $286,000 Position in NXP Semiconductors N.V. $NXPI

Key Points

• Grimes & Company Inc. reduced its position in NXP Semiconductors by 60.1%, leaving them with a stake valued at $286,000 after selling 1,974 shares in the second quarter.
• Multiple hedge funds have increased their stakes in NXP Semiconductors, notably Brighton Jones LLC, which raised its position by 20.6%, now holding shares worth $265,000.
• NXP Semiconductors announced a quarterly dividend of $1.014 per share, resulting in an annualized yield of 1.8%, with the payment date scheduled for October 8th.

Grimes & Company Inc. cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 60.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,309 shares of the semiconductor provider's stock after selling 1,974 shares during the quarter. Grimes & Company Inc.'s holdings in NXP Semiconductors were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NXPI. Brighton Jones LLC increased its stake in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of NXP Semiconductors by 8.6% in the first quarter. Merit Financial Group LLC now owns 1,881 shares of the semiconductor provider's stock worth $357,000 after acquiring an additional 149 shares during the last quarter. UMB Bank n.a. increased its stake in shares of NXP Semiconductors by 6.9% in the first quarter. UMB Bank n.a. now owns 4,989 shares of the semiconductor provider's stock worth $948,000 after acquiring an additional 324 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of NXP Semiconductors by 8.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,328 shares of the semiconductor provider's stock worth $633,000 after acquiring an additional 272 shares during the last quarter. Finally, Capital Investment Advisors LLC acquired a new position in shares of NXP Semiconductors in the first quarter worth $254,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares of the company's stock, valued at $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction dated 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 sale, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,785 shares of company stock valued at $2,197,852 over the last three months. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NXPI. KeyCorp increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price on the stock. Citigroup increased their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Weiss Ratings reissued a "hold (c)" rating on shares of NXP Semiconductors in a research report on Saturday, September 27th. Finally, Susquehanna increased their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Down 5.1%

NXPI stock opened at $219.58 on Wednesday. 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 52-week low of $148.09 and a 52-week high of $256.62. The company has a 50-day moving average of $224.49 and a two-hundred day moving average of $209.90. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.44.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

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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