Pallas Capital Advisors LLC Sells 10,270 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Pallas Capital Advisors LLC has reduced its stake in NXP Semiconductors N.V. by 72.4%, leaving it with 3,911 shares valued at approximately $855,000.
• Institutional ownership of NXP Semiconductors is high, with around 90.54% of the company's stock held by hedge funds and institutional investors.
• Recent analyst reports have raised target prices for NXP Semiconductors, with Truist Financial setting a new price target of $252.00 and maintaining a "buy" rating.

Pallas Capital Advisors LLC decreased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 72.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,911 shares of the semiconductor provider's stock after selling 10,270 shares during the period. Pallas Capital Advisors LLC's holdings in NXP Semiconductors were worth $855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. raised its holdings in NXP Semiconductors by 3.3% during the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider's stock worth $317,000 after purchasing an additional 54 shares in the last quarter. AlphaCore Capital LLC raised its stake in NXP Semiconductors by 3.5% during the 1st quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock valued at $312,000 after purchasing an additional 55 shares during the period. TFB Advisors LLC raised its stake in NXP Semiconductors by 4.9% during the 1st quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider's stock valued at $229,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC raised its stake in NXP Semiconductors by 14.7% during the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock valued at $85,000 after purchasing an additional 57 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after purchasing an additional 58 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded up $2.19 during mid-day trading on Tuesday, reaching $227.92. 334,714 shares of the stock traded hands, compared to its average volume of 2,922,387. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $256.62. The business has a 50-day moving average of $224.16 and a two-hundred day moving average of $208.30. The firm has a market capitalization of $57.46 billion, a PE ratio of 27.20, a P/E/G ratio of 2.54 and a beta of 1.43.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, September 17th. NXP Semiconductors's dividend payout ratio is 48.39%.

Insider Activity

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the sale, the president directly owned 4,958 shares in the company, valued at $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the sale, the executive vice president owned 6,828 shares of the company's stock, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,917 shares of company stock valued at $4,298,212 over the last three months. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NXPI. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. KeyCorp upped their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average 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.