Sound Shore Management Inc. CT Reduces Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Sound Shore Management Inc. CT cut its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,379 shares of the semiconductor provider's stock after selling 131,949 shares during the quarter. Sound Shore Management Inc. CT owned about 0.12% of NXP Semiconductors worth $57,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $672,224,000. Voloridge Investment Management LLC grew its holdings in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NXP Semiconductors by 26,732.0% during the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after purchasing an additional 581,688 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NXP Semiconductors by 36.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 0.5%

Shares of NASDAQ:NXPI traded down $1.14 during trading on Friday, reaching $223.29. The stock had a trading volume of 2,160,678 shares, compared to its average volume of 2,632,921. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $264.54. The company has a market capitalization of $56.41 billion, a P/E ratio of 26.61, a PEG ratio of 2.55 and a beta of 1.40. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. The firm's 50-day simple moving average is $215.14 and its 200 day simple moving average is $206.52.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate 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 net margin of 17.72% and a return on equity of 27.72%. NXP Semiconductors's revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $3.20 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NXPI has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. The Goldman Sachs Group assumed coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 price objective on the stock. Stifel Nicolaus upped their price target on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Needham & Company LLC lifted their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Truist Financial lifted their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

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.