NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd reduced its holdings in NXP Semiconductors by 17.4%, selling 12,119 shares during the 1st quarter, leaving it with 57,631 shares valued at approximately $10.95 million.
• Several other institutional investors, including FMR LLC and Pictet Asset Management, have increased their holdings in NXP Semiconductors, which currently has 90.54% of its stock owned by institutional investors.
• NXP Semiconductors recently reported an EPS of $2.72 for the last quarter, exceeding analysts' estimates, despite a 6.4% year-over-year decline in revenue.

Mediolanum International Funds Ltd cut its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,631 shares of the semiconductor provider's stock after selling 12,119 shares during the quarter. Mediolanum International Funds Ltd's holdings in NXP Semiconductors were worth $10,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caliber Wealth Management LLC KS purchased a new position in NXP Semiconductors in the first quarter valued at about $1,347,000. Assetmark Inc. boosted its stake in NXP Semiconductors by 6.2% in the first quarter. Assetmark Inc. now owns 36,902 shares of the semiconductor provider's stock valued at $7,014,000 after acquiring an additional 2,153 shares during the last quarter. Cetera Investment Advisers boosted its stake in NXP Semiconductors by 4.5% in the first quarter. Cetera Investment Advisers now owns 69,995 shares of the semiconductor provider's stock valued at $13,303,000 after acquiring an additional 3,028 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in NXP Semiconductors by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 21,318 shares of the semiconductor provider's stock valued at $4,052,000 after acquiring an additional 762 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $534,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 1.2%

NXP Semiconductors stock traded down $2.79 during midday trading on Wednesday, hitting $223.95. 469,821 shares of the company's stock were exchanged, compared to its average volume of 3,028,372. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $264.54. The firm has a 50-day moving average of $215.83 and a two-hundred day moving average of $206.77. The company has a market cap of $56.46 billion, a PE ratio of 26.67, a P/E/G ratio of 2.58 and a beta of 1.40.

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 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the business earned $3.20 EPS. The company's revenue was down 6.4% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 48.27%.

Analysts Set New Price Targets

A number of research firms have weighed in on NXPI. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Citigroup boosted their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Susquehanna boosted their price target on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They issued a "buy" rating and a $276.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $256.05.

Insider Buying and Selling

In other news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.