Kintegral Advisory LLC Reduces Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Kintegral Advisory LLC lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 32.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,016 shares of the semiconductor provider's stock after selling 3,933 shares during the quarter. Kintegral Advisory LLC's holdings in NXP Semiconductors were worth $1,532,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the fourth quarter worth $32,000. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the period. Ameriflex Group Inc. purchased a new position in NXP Semiconductors in the fourth quarter worth about $44,000. Rossby Financial LCC purchased a new stake in NXP Semiconductors during the first quarter valued at approximately $46,000. Finally, GoalVest Advisory LLC raised its holdings in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded up $1.59 during trading on Friday, reaching $232.74. The company had a trading volume of 1,299,390 shares, compared to its average volume of 2,753,622. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The firm has a 50-day simple moving average of $205.65 and a 200-day simple moving average of $204.93. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm's revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.24 earnings per share. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 yield of 1.74%. NXP Semiconductors's payout ratio is 44.23%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NXPI shares. Citigroup reduced their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. TD Cowen upped their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Wells Fargo & Company increased their price target on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Finally, Barclays decreased their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.22.

Insider Transactions 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 sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was 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 currently owned by insiders.

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.