NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP significantly reduced its stake in NXP Semiconductors by 97.8% in Q1, now holding only 5,948 shares worth approximately $1.13 million.
• Several institutional investors, including Valley National Advisers Inc. and GoalVest Advisory LLC, increased their positions in NXP Semiconductors, reflecting ongoing interest in the company amidst varied trading activity.
• NXP Semiconductors reported an EPS of $2.72 for the last quarter, exceeding analyst estimates, while also announcing a quarterly dividend yielding 1.9% based on an annualized payout of $4.06 per share.

Westfield Capital Management Co. LP lowered its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 97.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,948 shares of the semiconductor provider's stock after selling 267,888 shares during the quarter. Westfield Capital Management Co. LP's holdings in NXP Semiconductors were worth $1,130,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Valley National Advisers Inc. raised its position in 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 in the last quarter. Ameriflex Group Inc. bought a new stake in NXP Semiconductors in the fourth quarter worth about $44,000. Rossby Financial LCC bought a new stake in NXP Semiconductors in the first quarter worth about $46,000. GoalVest Advisory LLC raised its position in 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 in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in NXP Semiconductors by 112.1% in the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock worth $60,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William Betz sold 6,785 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Down 1.7%

NASDAQ:NXPI opened at $208.47 on Wednesday. The stock's 50 day moving average price is $217.43 and its 200 day moving average price is $206.82. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74. The company has a market capitalization of $52.56 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.40 and a beta of 1.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

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

NXP Semiconductors Dividend Announcement

The business 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. This represents a $4.06 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. UBS Group boosted their price objective on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Evercore ISI restated an "outperform" rating and set a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Stifel Nicolaus boosted their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company upped their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.

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