Sather Financial Group Inc Boosts Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Sather Financial Group Inc increased its stake in NXP Semiconductors by 3.1%, holding approximately 197,702 shares valued at $37,575,000 as of the last reporting period.
• NXP Semiconductors reported earnings of $2.72 per share, exceeding analysts' expectations, but experienced a 6.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $1.014 per share, representing an annualized dividend yield of 1.82% with a payout ratio of 48.39%.

Sather Financial Group Inc increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,702 shares of the semiconductor provider's stock after buying an additional 5,937 shares during the quarter. NXP Semiconductors comprises 2.5% of Sather Financial Group Inc's investment portfolio, making the stock its 20th biggest holding. Sather Financial Group Inc owned about 0.08% of NXP Semiconductors worth $37,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Brighton Jones LLC grew its stake in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after buying an additional 218 shares during the last quarter. Sei Investments Co. grew its stake in NXP Semiconductors by 5.3% during the 4th quarter. Sei Investments Co. now owns 80,428 shares of the semiconductor provider's stock worth $16,717,000 after buying an additional 4,066 shares during the last quarter. LPL Financial LLC grew its stake in NXP Semiconductors by 8.8% during the 4th quarter. LPL Financial LLC now owns 218,394 shares of the semiconductor provider's stock worth $45,393,000 after buying an additional 17,736 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in NXP Semiconductors by 6.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 452,722 shares of the semiconductor provider's stock worth $94,556,000 after buying an additional 25,945 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of NXP Semiconductors by 4.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 312,267 shares of the semiconductor provider's stock valued at $64,905,000 after purchasing an additional 12,782 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI stock traded down $2.54 during midday trading on Wednesday, hitting $224.20. 573,134 shares of the stock were exchanged, compared to its average volume of 3,029,219. The stock's 50-day moving average price is $215.83 and its 200-day moving average price is $206.77. The stock has a market cap of $56.52 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.58 and a beta of 1.40. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $264.54. 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 (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. NXP Semiconductors's revenue was down 6.4% on a year-over-year basis. Research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 48.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NXPI shares. UBS Group lifted their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. KGI Securities upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. 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. Finally, JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

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.