Trillium Asset Management LLC Decreases Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Trillium Asset Management LLC reduced its stake in NXP Semiconductors by 3.3%, now holding 135,481 shares worth $25.75 million after selling 4,596 shares in the first quarter.
• Insider trading was noted, with EVP Jennifer Wuamett selling over 9,000 shares, and CFO William Betz decreasing their stake by 81.70%, highlighting potential concerns about insider confidence.
• Analysts remain optimistic on NXP Semiconductors, raising price targets with an average target of $256.05 and 15 analysts assigning a buy rating, which suggests a positive outlook for the stock.

Trillium Asset Management LLC reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,481 shares of the semiconductor provider's stock after selling 4,596 shares during the quarter. Trillium Asset Management LLC owned approximately 0.05% of NXP Semiconductors worth $25,750,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NXPI. Hemington Wealth Management lifted its stake in shares of NXP Semiconductors by 50.0% during 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 last quarter. Valley National Advisers Inc. lifted its stake in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after purchasing an additional 126 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $44,000. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth $46,000. Finally, GoalVest Advisory LLC raised its stake in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after buying an additional 227 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William Betz sold 6,785 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Evercore ISI reiterated an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Finally, Needham & Company LLC increased their price target on NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $205.16 on Tuesday. The company has a market cap of $51.72 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. The stock's 50 day simple moving average is $218.43 and its 200-day simple moving average is $206.48. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. 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 (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The business 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 business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.20 earnings per share. As a group, equities research analysts anticipate 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 given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.