Prudential PLC Sells 14,828 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Prudential PLC has reduced its stake in NXP Semiconductors N.V. by 15.9%, now holding 78,306 shares worth approximately $14.88 million.
• NXP Semiconductors reported $2.72 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $2.66, despite a 6.4% year-over-year revenue decline.
• The company's dividend yield stands at 2.0%, with a recent payment of $1.014 per share reflecting a payout ratio of 48.39%.

Prudential PLC lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,306 shares of the semiconductor provider's stock after selling 14,828 shares during the quarter. Prudential PLC's holdings in NXP Semiconductors were worth $14,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management grew its stake in shares of NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 59 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $44,000. Rossby Financial LCC acquired a new stake in shares of NXP Semiconductors in the first quarter worth $46,000. Finally, GoalVest Advisory LLC grew its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the 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 completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William Betz sold 6,785 shares of the 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 completion of the transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,917 shares of company stock worth $4,082,002. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Price Performance

Shares of NXPI traded down $2.76 during trading hours on Friday, hitting $228.78. 3,336,168 shares of the company were exchanged, compared to its average volume of 3,026,801. The company has a market cap of $57.68 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.61 and a beta of 1.41. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $259.74. 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 firm's fifty day moving average is $219.75 and its 200 day moving average is $206.85.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $3.20 earnings per share. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Evercore ISI reaffirmed an "outperform" rating and set a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Finally, KeyCorp increased their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors 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.