NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. decreased its holdings in NXP Semiconductors by 43% in Q1, now owning 1,708 shares worth approximately $326,000.
• Equities research analysts have upgraded NXP Semiconductors' target prices, with Barclays raising it to $220 and Wells Fargo to $260, indicating strong market sentiment.
• NXP Semiconductors declared a quarterly dividend of $1.014, resulting in an annualized yield of 1.82% with a dividend payout ratio of 48.39%.

Phoenix Financial Ltd. trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 43.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,708 shares of the semiconductor provider's stock after selling 1,290 shares during the quarter. Phoenix Financial Ltd.'s holdings in NXP Semiconductors were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. Brighton Jones LLC lifted its position 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 acquiring an additional 218 shares during the period. New Age Alpha Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $3,826,000. DnB Asset Management AS lifted its position in NXP Semiconductors by 6.4% during the 4th quarter. DnB Asset Management AS now owns 45,182 shares of the semiconductor provider's stock worth $9,391,000 after acquiring an additional 2,704 shares during the period. Brown Brothers Harriman & Co. lifted its position in NXP Semiconductors by 10.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,187 shares of the semiconductor provider's stock worth $870,000 after acquiring an additional 396 shares during the period. Finally, Allstate Corp acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $1,579,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore ISI reissued an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Truist Financial increased their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their target price on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Four 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

Insiders Place Their Bets

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares in the company, 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 SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, 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 currently owned by company insiders.

NXP Semiconductors Trading Down 1.7%

Shares of NXPI stock traded down $3.79 during mid-day trading on Wednesday, hitting $222.95. 399,413 shares of the company's stock were exchanged, compared to its average volume of 3,028,060. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $264.54. The stock has a 50-day simple moving average of $215.83 and a two-hundred day simple moving average of $206.77. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The stock has a market cap of $56.21 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.58 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 48.27%.

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.