NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank reduced its stake in NXP Semiconductors by 3.4%, selling 4,831 shares, and now holds 137,564 shares valued at approximately $26.1 million.
• Various institutional investors made significant changes to their positions in NXP, with Valley National Advisers Inc. increasing holdings by 118.9% in the first quarter.
• Analysts have raised their price targets for NXP Semiconductors, with Needham & Company increasing their target from $225 to $250, reflecting a consensus of "Moderate Buy" and a price target of $256.05.

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,564 shares of the semiconductor provider's stock after selling 4,831 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of NXP Semiconductors worth $26,145,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC lifted its holdings in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of NXP Semiconductors in the first quarter worth $320,000. Farther Finance Advisors LLC lifted its holdings in shares of NXP Semiconductors by 133.5% in the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after buying an additional 1,231 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of NXP Semiconductors by 14.5% in the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after buying an additional 943 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of NXP Semiconductors by 18.2% in the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after buying an additional 1,951 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William Betz sold 6,785 shares of the business's 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Susquehanna boosted their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Barclays boosted their target price on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They issued a "buy" rating and a $276.00 target price on the stock. Finally, Needham & Company LLC upped their price target on shares of 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors Stock Performance

NXPI traded down $5.44 during trading on Friday, reaching $208.34. 861,881 shares of the company's stock were exchanged, compared to its average volume of 3,022,722. 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. The stock has a market capitalization of $52.53 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. The company's fifty day simple moving average is $216.49 and its 200-day simple moving average is $206.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly 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 company 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%. NXP Semiconductors's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $3.20 EPS. As a group, research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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