Stephens Inc. AR Lowers Position in NXP Semiconductors N.V. $NXPI

Key Points

• Stephens Inc. AR reduced its stake in NXP Semiconductors N.V. by 2.2%, now holding 65,007 shares worth approximately $14.2 million.
• Several institutional investors increased their positions in NXP Semiconductors during the first quarter, with Wellington Management Group LLP now owning 12.7 million shares valued at about $2.42 billion.
• NXP Semiconductors recently posted quarterly earnings of $2.72 per share, exceeding analyst expectations, despite a 6.4% year-over-year revenue decline.

Stephens Inc. AR lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,007 shares of the semiconductor provider's stock after selling 1,485 shares during the period. Stephens Inc. AR's holdings in NXP Semiconductors were worth $14,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Wellington Management Group LLP increased its position in NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock valued at $2,419,662,000 after buying an additional 1,330,474 shares in the last quarter. Nuveen LLC bought a new position in NXP Semiconductors during the 1st quarter valued at approximately $219,878,000. Price T Rowe Associates Inc. MD increased its position in NXP Semiconductors by 33.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock valued at $635,310,000 after buying an additional 839,113 shares in the last quarter. Ameriprise Financial Inc. increased its position in NXP Semiconductors by 20.0% during the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider's stock valued at $647,387,000 after buying an additional 567,831 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in NXP Semiconductors by 44.7% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider's stock valued at $328,852,000 after buying an additional 534,404 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NXPI shares. KeyCorp raised their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their target price on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Barclays increased their target price on NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Finally, UBS Group increased their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.06.

NXP Semiconductors Stock Performance

NXPI stock opened at $219.82 on Tuesday. The company has a market cap of $55.42 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. 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 stock's fifty day moving average price is $225.78 and its 200-day moving average price is $211.58.

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, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $3.20 EPS. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors's payout ratio is 48.39%.

Insider Activity at NXP Semiconductors

In related news, President Rafael Sotomayor sold 2,000 shares of NXP Semiconductors stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,785 shares of company stock worth $2,197,852. Corporate insiders own 0.12% of the company's stock.

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.

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