Russell Investments Group Ltd. Trims Stake in NXP Semiconductors N.V. $NXPI

Key Points

• Russell Investments Group Ltd. reduced its holdings in NXP Semiconductors by 11.9%, selling 32,432 shares and now holding a total of 239,228 shares valued at approximately $45.47 million.
• Several institutional investors have increased their positions in NXP Semiconductors, with Massachusetts Financial Services Co. MA raising its stake by 1.1% during the first quarter, bringing its total shares to over 8 million.
• Equities analysts are optimistic about NXP Semiconductors, with multiple firms raising their price targets, resulting in a consensus rating of "Moderate Buy" and a target price of $256.05.

Russell Investments Group Ltd. decreased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 239,228 shares of the semiconductor provider's stock after selling 32,432 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of NXP Semiconductors worth $45,467,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its holdings in shares of NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock valued at $312,000 after buying an additional 55 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock worth $85,000 after acquiring an additional 57 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of NXP Semiconductors by 0.3% in 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 acquiring an additional 58 shares in the last quarter. Hemington Wealth Management boosted its stake in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 59 shares during the period. Finally, Keel Point LLC raised its stake in NXP Semiconductors by 4.7% during the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 0.9%

Shares of NASDAQ:NXPI traded up $2.04 during trading on Monday, reaching $230.82. 924,870 shares of the stock were exchanged, compared to its average volume of 3,014,783. The firm has a market cap of $58.19 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The stock has a fifty day moving average of $220.17 and a two-hundred day moving average of $206.89. 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 1-year low of $148.09 and a 1-year high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued 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. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS. Research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.27%.

Analyst Ratings Changes

NXPI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted 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. TD Cowen lifted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a report on Monday, April 21st. 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 research report on Tuesday, July 22nd. Finally, UBS Group lifted their price target on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

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 transaction, the president owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,917 shares of company stock worth $4,082,002. Corporate 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.