NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in NXP Semiconductors by 10.3% in the first quarter, now owning 350,609 shares worth approximately $66.6 million.
• Insider Jennifer Wuamett sold 9,132 shares at an average price of $230.00, marking a significant 25.21% decrease in her holdings.
• NXP Semiconductors recently declared a quarterly dividend of $1.014, yielding 1.82% with a dividend payout ratio of 48.39%.

TD Asset Management Inc lessened its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 350,609 shares of the semiconductor provider's stock after selling 40,155 shares during the quarter. TD Asset Management Inc owned approximately 0.14% of NXP Semiconductors worth $66,637,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $44,000. Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after buying an additional 126 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of NXP Semiconductors in the first quarter worth $46,000. GoalVest Advisory LLC raised its stake in NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in NXP Semiconductors by 112.1% during the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $4.86 during midday trading on Thursday, hitting $216.08. The company had a trading volume of 654,487 shares, compared to its average volume of 3,023,359. The stock has a market cap of $54.48 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.56 and a beta of 1.40. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $216.14 and a 200 day simple moving average of $206.86. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $264.54.

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. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $3.20 EPS. NXP Semiconductors's revenue was down 6.4% on a year-over-year basis. As a group, analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared 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. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 48.39%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 price target on the stock. UBS Group upped their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp upped their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Citigroup upped their price target 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. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. 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 of the company's stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.