Vanguard Group Inc. Sells 156,388 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Vanguard Group Inc. reduced its holdings in NXP Semiconductors by 1.2%, owning 13,165,950 shares worth approximately $2.5 billion, as reported in its most recent SEC filing.
• NXP Semiconductors announced a quarterly dividend of $1.014, with an annualized yield of 2.0% and a payout ratio of 48.39%.
• Analysts have shown optimism for NXP Semiconductors, with multiple firms raising their price targets; Truist Financial set theirs at $252 and Citigroup at $275.

Vanguard Group Inc. trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,165,950 shares of the semiconductor provider's stock after selling 156,388 shares during the quarter. Vanguard Group Inc. owned approximately 5.21% of NXP Semiconductors worth $2,502,320,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted 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 purchasing an additional 57 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after purchasing an additional 58 shares during the period. Keel Point LLC boosted its position in shares of NXP Semiconductors by 4.7% in the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of NXP Semiconductors by 2.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock worth $571,000 after purchasing an additional 67 shares during the period. Finally, Wright Investors Service Inc. boosted its position in shares of NXP Semiconductors by 2.4% in the first quarter. Wright Investors Service Inc. now owns 3,047 shares of the semiconductor provider's stock worth $579,000 after purchasing an additional 72 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research report on Monday, April 21st. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Finally, Citigroup upped their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Four 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 company's stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

Insider Activity

In related news, CFO William Betz sold 6,785 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was 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 in the company, valued at $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Up 3.5%

Shares of NXPI traded up $7.78 during midday trading on Wednesday, hitting $227.83. The stock had a trading volume of 1,366,532 shares, compared to its average volume of 3,013,207. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $259.74. The firm has a market cap of $57.44 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.33 and a beta of 1.41. 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 50 day moving average is $218.85 and its 200 day moving average is $206.58.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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