NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 3.9% during the 1st quarter, Holdings Channel reports. The fund owned 4,339 shares of the semiconductor provider’s stock after selling 175 shares during the quarter. Griffin Asset Management Inc.’s holdings in NXP Semiconductors were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $26,000. O Shaughnessy Asset Management LLC boosted its holdings in NXP Semiconductors by 11.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 18,326 shares of the semiconductor provider’s stock worth $3,664,000 after buying an additional 1,880 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in NXP Semiconductors during the third quarter worth about $16,920,000. Bank of Nova Scotia increased its holdings in NXP Semiconductors by 14.4% in the third quarter. Bank of Nova Scotia now owns 36,771 shares of the semiconductor provider’s stock valued at $7,351,000 after buying an additional 4,637 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in NXP Semiconductors in the third quarter valued at about $41,270,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on NXPI. Wells Fargo & Company boosted their price target on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Oppenheimer upped their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Jefferies Financial Group started coverage on NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 price target for the company. Argus boosted their price objective on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, UBS Group raised their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $267.80.

Insider Buying and Selling at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $269.09 on Friday. The stock has a fifty day moving average price of $264.90 and a 200 day moving average price of $243.23. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The firm has a market capitalization of $68.80 billion, a P/E ratio of 24.85, a PEG ratio of 2.51 and a beta of 1.50. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. Equities research analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be issued a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.51%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.