Valeo Financial Advisors LLC Sells 1,474 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Valeo Financial Advisors LLC lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 26.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,203 shares of the semiconductor provider's stock after selling 1,474 shares during the quarter. Valeo Financial Advisors LLC's holdings in NXP Semiconductors were worth $799,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction on 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 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 filing with the SEC, which is available through this link. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXPI. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. UBS Group boosted their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen upped their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup raised their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday. Finally, KeyCorp boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $251.63.

NXP Semiconductors Stock Performance

NXPI stock traded down $4.27 during midday trading on Friday, hitting $228.92. The company's stock had a trading volume of 1,869,805 shares, compared to its average volume of 2,767,402. The stock has a market cap of $57.83 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The stock's 50-day moving average price is $210.01 and its 200 day moving average price is $205.58. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.24 EPS. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared 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 1.77%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

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.