28,805 Shares in NXP Semiconductors N.V. (NASDAQ:NXPI) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired 28,805 shares of NXP Semiconductors N.V., valued at approximately $5,475,000, as reported in their recent 13F filing.
• NXP Semiconductors reported earnings of $2.72 EPS for the last quarter, exceeding analyst expectations by $0.06, despite a 6.4% decline in revenue year-over-year.
• The company has announced a quarterly dividend of $1.014 that corresponds to an annualized rate of $4.06 or a yield of 1.78%, with a payout ratio of 48.39%.

XTX Topco Ltd purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 28,805 shares of the semiconductor provider's stock, valued at approximately $5,475,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $44,000. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares during the period. Rossby Financial LCC purchased a new stake in NXP Semiconductors in the 1st quarter worth approximately $46,000. GoalVest Advisory LLC grew its stake in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the period. Finally, Cullen Frost Bankers Inc. grew its stake in NXP Semiconductors by 112.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock worth $60,000 after acquiring an additional 167 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO William Betz sold 6,785 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the 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 sale, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on NXPI shares. Citigroup lifted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Evercore ISI reissued an "outperform" rating and set a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Truist Financial boosted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors Stock Down 1.8%

Shares of NXP Semiconductors stock traded down $3.85 during trading on Friday, reaching $209.92. The company had a trading volume of 2,554,398 shares, compared to its average volume of 3,034,678. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The company has a market cap of $52.93 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $259.74. The firm's fifty day moving average is $216.49 and its 200-day moving average is $206.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.20 earnings per share. On average, analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors's dividend payout ratio is 48.39%.

NXP Semiconductors Company Profile

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.