Mackenzie Financial Corp Sells 62,027 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Mackenzie Financial Corp has reduced its stake in NXP Semiconductors by 37.8%, now holding 101,962 shares worth approximately $19.4 million.
• NXP Semiconductors reported a quarterly earnings per share of $2.72, exceeding estimates and marking a 6.4% revenue decline from the previous year.
• The company's recent dividend of $1.014 per share results in an annual yield of **1.84%**, with a payout ratio of **48.39%**.

Mackenzie Financial Corp lowered its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 37.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,962 shares of the semiconductor provider's stock after selling 62,027 shares during the quarter. Mackenzie Financial Corp's holdings in NXP Semiconductors were worth $19,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its holdings in NXP Semiconductors by 15.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after purchasing an additional 698 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $320,000. Farther Finance Advisors LLC grew its holdings in shares of NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after buying an additional 1,231 shares during the last quarter. M&T Bank Corp grew its holdings in shares of NXP Semiconductors by 14.5% during the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock valued at $1,413,000 after buying an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of NXP Semiconductors by 18.2% during the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock valued at $2,418,000 after buying an additional 1,951 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

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

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $3.85 during trading hours on Friday, hitting $209.92. 2,554,398 shares of the stock traded hands, compared to its average volume of 2,588,644. The company has a market cap of $52.93 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $259.74. The stock has a 50 day moving average price of $216.84 and a 200 day moving average price of $206.91. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company's revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $3.20 EPS. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.39%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They set a "buy" rating and a $276.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 22nd. KGI Securities upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, KeyCorp increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

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.