ICONIQ Capital LLC Purchases New Position in NXP Semiconductors N.V. $NXPI

Key Points

• ICONIQ Capital LLC acquired 2,675 shares of NXP Semiconductors, worth approximately $508,000, marking a significant investment in the semiconductor sector.
• NXP Semiconductors reported an earnings per share (EPS) of $2.72 for the last quarter, beating expectations, despite a year-over-year revenue decrease of 6.4%.
• The firm recently declared a quarterly dividend of $1.014 per share, reflecting an annualized yield of 1.7% and a dividend payout ratio of 48.39%.

ICONIQ Capital LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,675 shares of the semiconductor provider's stock, valued at approximately $508,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hemington Wealth Management lifted its position in shares of NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 59 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $44,000. Rossby Financial LCC purchased a new position in shares of NXP Semiconductors in the first quarter valued at about $46,000. Finally, GoalVest Advisory LLC lifted its position in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 0.1%

NASDAQ NXPI traded down $0.15 during trading hours on Wednesday, hitting $237.67. 1,053,965 shares of the company were exchanged, compared to its average volume of 2,703,720. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $257.61. The stock has a 50-day moving average price of $223.01 and a 200 day moving average price of $208.19. The stock has a market cap of $59.92 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.41. 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 announced 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business earned $3.20 earnings per share. The company's revenue for the quarter 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. Analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is 48.39%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. Evercore ISI restated an "outperform" rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. TD Cowen lifted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group lifted their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays lifted their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Rafael Sotomayor sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the sale, the president owned 4,958 shares of the company's stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,917 shares of company stock worth $4,082,002 over the last 90 days. Company insiders own 0.12% of the company's stock.

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.