NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,835 shares of the semiconductor provider's stock after selling 11,911 shares during the period. Schonfeld Strategic Advisors LLC's holdings in NXP Semiconductors were worth $4,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in NXP Semiconductors during the 3rd quarter valued at about $1,574,000. Tidal Investments LLC boosted its position in shares of NXP Semiconductors by 9.3% during the third quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider's stock valued at $4,350,000 after buying an additional 1,542 shares during the last quarter. Franklin Resources Inc. increased its holdings in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock valued at $72,938,000 after acquiring an additional 5,722 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of NXP Semiconductors by 11.3% during the 4th quarter. Nordea Investment Management AB now owns 293,497 shares of the semiconductor provider's stock valued at $61,347,000 after acquiring an additional 29,890 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 1.4 %

Shares of NASDAQ:NXPI traded down $2.54 on Tuesday, hitting $182.41. 1,576,148 shares of the company's stock were exchanged, compared to its average volume of 2,600,292. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The business's 50 day simple moving average is $191.07 and its two-hundred day simple moving average is $210.79. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) 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 the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.24 EPS. Analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.22%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NXPI shares. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average target price of $250.37.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors 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.