NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,398,423 shares of the semiconductor provider's stock after selling 201,168 shares during the quarter. Royal Bank of Canada owned 0.55% of NXP Semiconductors worth $290,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raiffeisen Bank International AG bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $5,786,000. Point72 Europe London LLP bought a new position in NXP Semiconductors in the fourth quarter valued at approximately $13,968,000. Polar Capital Holdings Plc boosted its stake in NXP Semiconductors by 53.2% in the fourth quarter. Polar Capital Holdings Plc now owns 41,300 shares of the semiconductor provider's stock valued at $8,584,000 after acquiring an additional 14,350 shares during the last quarter. ProShare Advisors LLC boosted its stake in NXP Semiconductors by 16.9% in the fourth quarter. ProShare Advisors LLC now owns 372,227 shares of the semiconductor provider's stock valued at $77,367,000 after acquiring an additional 53,937 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in NXP Semiconductors by 18.6% in the fourth quarter. Quantinno Capital Management LP now owns 33,870 shares of the semiconductor provider's stock valued at $7,040,000 after acquiring an additional 5,303 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NXPI shares. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Needham & Company LLC decreased their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group decreased their target price on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $0.28 during trading hours on Tuesday, hitting $210.08. 1,671,939 shares of the company's stock traded hands, compared to its average volume of 2,645,455. The business's fifty day moving average price is $188.88 and its two-hundred day moving average price is $208.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $53.07 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm earned $3.24 EPS. The company's revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors 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, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is presently 44.12%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company's stock.

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.