NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC reduced its holdings in NXP Semiconductors N.V. by 45.5%, now owning 10,900 shares worth approximately $2 million.
• NXP Semiconductors reported an earnings per share (EPS) of $2.72, which surpassed the consensus estimate of $2.66, although its quarterly revenue saw a 6.4% decline year-over-year.
• A recent quarterly dividend was paid at $1.014 per share, representing an annualized dividend of $4.06 and a dividend yield of 2.0%.

Zevenbergen Capital Investments LLC trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,900 shares of the semiconductor provider's stock after selling 9,100 shares during the period. Zevenbergen Capital Investments LLC's holdings in NXP Semiconductors were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hemington Wealth Management increased its holdings in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 59 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors during the 4th quarter worth $44,000. Valley National Advisers Inc. grew its position 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 valued at $43,000 after acquiring an additional 126 shares during the period. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors in the 1st quarter worth $46,000. Finally, GoalVest Advisory LLC increased its stake in shares of 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 purchasing an additional 227 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Insider Buying and Selling

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, valued at $1,088,628.06. The trade was a 28.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,917 shares of company stock worth $4,082,002. Insiders own 0.12% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $1.67 during trading hours on Thursday, hitting $228.85. 817,724 shares of the stock were exchanged, compared to its average volume of 3,013,327. The firm's fifty day moving average price is $219.26 and its 200 day moving average price is $206.74. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $259.74. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The company has a market cap of $57.70 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.49 and a beta of 1.41.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore ISI restated an "outperform" rating and set a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Truist Financial lifted their price target on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. KeyCorp upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group lifted their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Four equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

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.