Neville Rodie & Shaw Inc. Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Neville Rodie & Shaw Inc. cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 16.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,620 shares of the semiconductor provider's stock after selling 1,750 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in NXP Semiconductors were worth $1,638,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at $672,224,000. Van ECK Associates Corp raised its position in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares in the last quarter. Voloridge Investment Management LLC raised its position in NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares in the last quarter. Pictet Asset Management Holding SA raised its position in NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in NXP Semiconductors by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $0.03 during mid-day trading on Monday, hitting $191.16. 458,057 shares of the stock were exchanged, compared to its average volume of 2,683,323. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $48.29 billion, a P/E ratio of 19.65, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a 50-day simple moving average of $187.09 and a 200 day simple moving average of $206.08. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $3.24 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NXPI shares. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. TD Cowen upped their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

About NXP Semiconductors

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.