Renaissance Investment Group LLC Cuts Stock Position in NXP Semiconductors N.V. $NXPI

Key Points

• Renaissance Investment Group LLC reduced its stock position in NXP Semiconductors N.V. by 5.1%, now holding 45,305 shares valued at approximately $9.9 million.
• Insiders at NXP Semiconductors sold a total of 17,917 shares worth over $4 million in the last three months, indicating a decrease in their ownership interest.
• Analysts have recently increased their price targets for NXP Semiconductors, with a consensus target price of $256.05 and a rating of "Moderate Buy."

Renaissance Investment Group LLC cut its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,305 shares of the semiconductor provider's stock after selling 2,440 shares during the quarter. NXP Semiconductors makes up 2.1% of Renaissance Investment Group LLC's holdings, making the stock its 24th biggest holding. Renaissance Investment Group LLC's holdings in NXP Semiconductors were worth $9,899,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Hemington Wealth Management boosted its holdings in NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 59 shares during the period. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $44,000. Rossby Financial LCC bought a new stake in shares of NXP Semiconductors in the first quarter worth about $46,000. Finally, GoalVest Advisory LLC increased its holdings in shares of 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 purchasing an additional 227 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Down 1.1%

Shares of NASDAQ:NXPI traded down $2.46 during mid-day trading on Friday, hitting $224.05. The company had a trading volume of 3,420,077 shares, compared to its average volume of 2,176,654. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The company has a market capitalization of $56.49 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43. The firm has a fifty day moving average price of $224.13 and a 200 day moving average price of $208.38. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.62.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.90 billion. During the same period in the prior year, the business posted $3.20 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Insiders Place Their Bets

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 completion of the sale, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares of the company's stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,917 shares of company stock valued at $4,298,212. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group began coverage on NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 target price on the stock. Truist Financial boosted 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. Stifel Nicolaus boosted their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.