NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 26.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,203 shares of the semiconductor provider's stock after selling 1,474 shares during the period. Valeo Financial Advisors LLC's holdings in NXP Semiconductors were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NXPI. M&T Bank Corp increased its position in NXP Semiconductors by 14.5% during the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after purchasing an additional 943 shares during the last quarter. ARGA Investment Management LP increased its position in NXP Semiconductors by 608.7% during the first quarter. ARGA Investment Management LP now owns 40,361 shares of the semiconductor provider's stock worth $7,671,000 after purchasing an additional 34,666 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in NXP Semiconductors by 51.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 6,264 shares of the semiconductor provider's stock worth $1,196,000 after purchasing an additional 2,128 shares during the last quarter. Alpha Cubed Investments LLC increased its position in NXP Semiconductors by 23.5% during the first quarter. Alpha Cubed Investments LLC now owns 6,442 shares of the semiconductor provider's stock worth $1,224,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in NXP Semiconductors by 345.7% during the first quarter. Crossmark Global Holdings Inc. now owns 35,448 shares of the semiconductor provider's stock worth $6,737,000 after purchasing an additional 27,494 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. UBS Group boosted their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Barclays decreased their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $251.63.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $2.77 during trading hours on Thursday, reaching $233.19. The company's stock had a trading volume of 1,948,099 shares, compared to its average volume of 2,762,188. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08. The company's 50 day simple moving average is $208.17 and its 200 day simple moving average is $205.35. The stock has a market cap of $58.91 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $3.24 EPS. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Insider Buying and Selling

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 shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company's stock.

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.