Pacer Advisors Inc. Has $4.92 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Pacer Advisors Inc. reduced its holdings in NXP Semiconductors N.V. by 29.4%, now owning 25,905 shares valued at approximately $4.92 million.
• Analyst ratings have improved, with Needham & Company and Wells Fargo raising their price targets for NXP Semiconductors to $250 and $260 respectively, signaling a positive outlook for the stock.
• The company reported earnings per share of $2.72 for the last quarter, exceeding analyst expectations, despite a 6.4% decline in revenue year-over-year.

Pacer Advisors Inc. reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,905 shares of the semiconductor provider's stock after selling 10,777 shares during the period. Pacer Advisors Inc.'s holdings in NXP Semiconductors were worth $4,924,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its position in NXP Semiconductors by 15.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after buying an additional 698 shares during the last quarter. Sowell Financial Services LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $320,000. Farther Finance Advisors LLC grew its stake in NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares in the last quarter. M&T Bank Corp increased its holdings in NXP Semiconductors by 14.5% during the 1st 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. Finally, Nisa Investment Advisors LLC increased its holdings in NXP Semiconductors by 18.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after purchasing an additional 1,951 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. This 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 company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer directly 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. Insiders own 0.12% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $5.36 during mid-day trading on Friday, reaching $208.41. 805,908 shares of the company traded hands, compared to its average volume of 3,022,203. The firm has a market cap of $52.55 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $259.74. The stock has a fifty day simple moving average of $216.49 and a 200-day simple moving average of $206.91.

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

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.9%. NXP Semiconductors's payout ratio is currently 48.39%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXPI. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Wednesday, July 23rd. Truist Financial raised their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, KeyCorp raised their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

About NXP Semiconductors

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.