NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 91.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,283 shares of the semiconductor provider's stock after selling 33,483 shares during the quarter. Grimes & Company Inc.'s holdings in NXP Semiconductors were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smithfield Trust Co bought a new position in NXP Semiconductors in the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $44,000. Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors in the 4th quarter worth $46,000. Finally, GoalVest Advisory LLC lifted its stake in shares of NXP Semiconductors by 472.9% during 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 last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded down $1.38 during midday trading on Wednesday, reaching $211.45. The stock had a trading volume of 1,938,750 shares, compared to its average volume of 2,724,079. The firm has a fifty day simple moving average of $194.40 and a two-hundred day simple moving average of $205.00. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08. 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 stock has a market cap of $53.42 billion, a PE ratio of 23.03, a P/E/G ratio of 2.71 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business earned $3.24 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. 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 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 annualized dividend and a yield of 1.92%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. Needham & Company LLC cut their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Mizuho boosted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Citigroup decreased their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Cantor Fitzgerald lifted their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday. Four research 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Company 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.