Victory Capital Management Inc. Sells 6,139 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Victory Capital Management Inc. trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,143 shares of the semiconductor provider's stock after selling 6,139 shares during the quarter. Victory Capital Management Inc. owned 0.06% of NXP Semiconductors worth $28,916,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after buying an additional 218 shares during the period. Thrivent Financial for Lutherans grew its position in NXP Semiconductors by 23.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,905 shares of the semiconductor provider's stock valued at $3,098,000 after purchasing an additional 2,793 shares in the last quarter. Sciencast Management LP bought a new stake in NXP Semiconductors during the fourth quarter worth about $1,543,000. Virtu Financial LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $1,392,000. Finally, Mizuho Securities USA LLC grew its stake in shares of NXP Semiconductors by 45.8% in the fourth quarter. Mizuho Securities USA LLC now owns 24,088 shares of the semiconductor provider's stock valued at $5,007,000 after buying an additional 7,570 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NXPI shares. Evercore ISI restated 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. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Barclays decreased their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup upped their price objective on NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $253.74.

Insider Buying and Selling

In other NXP Semiconductors 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 directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $225.90 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $284.75. The stock has a market cap of $57.07 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. The stock has a fifty day moving average of $213.64 and a 200-day moving average of $205.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.24 EPS. Equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

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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